Indian fintech start-up FinBox has raised $40 million in a Series B funding round to help fuel the global expansion of its credit infrastructure offering beyond its home market.

The raise was led by new investor WestBridge Capital, based in London, with additional support from Aditya Birla Ventures and A91 Partners, which previously led a $15 million Series A for FinBox in 2022. Additional previous company backers also include Flipkart Ventures and Arali Ventures.

Founded by the former product team of logistics management company GoPigeon (acquired by US firm Narvar in 2017), FinBox enables digital platforms to launch credit products such as BNPL, personal loans, working capital loans, and invoice financing.

The start-up, based in Bengaluru, counts HDFC Bank, Kotak Mahindra Bank, Poonawalla Fincorp, Aditya Birla Capital, Muthoot Fincorp, and Tata Capital among its current clients.

The funds from the Series B will be used to "accelerate investments in technology, fuel international expansion, and deepen FinBox’s product offerings", according to a company statement.

"The company will also expand their portfolio of solutions to build agentic AI workflows and a fraud intelligence suite," FinBox adds.

In a joint comment, the company's founding team, comprising Srijan Nagar, Nikhil Bhawsinka, Anant Deshpande, and CEO Rajat Deshpande, states: "We will continue to deepen our digital lending stack, launch new products, and expand internationally."

"Our mission is to empower lenders to source better, underwrite faster, fight fraud more effectively, and extend fairer, more accessible credit to millions," the founders add.