India’s FinBox lands $40M Series B for B2B digital lending rails

FinBox has secured $40 million in Series B funding led by WestBridge to expand its B2B digital lending infrastructure. Based in Bengaluru, FinBox builds plug-and-play components that banks, NBFCs, and fintechs use to launch or modernize credit products—everything from onboarding and consent management to risk intelligence and collections.

The stack focuses on three pain points: assembling reliable risk signals, orchestrating compliant decisioning, and running lending operations at scale. Modules include device and bank-data ingestion, fraud and risk scoring, workflow builders for underwriting, and post-disbursal tools for repayments and collections. For product teams, the goal is faster launches with fewer integrations and fewer bespoke services to maintain.

Why it’s timely: India’s digital public infrastructure—payments rails, consent frameworks, identity—has unlocked new underwriting data and distribution models. Lenders want to tap into these rails without building every connector and policy engine from scratch. FinBox positions itself as the abstraction layer so that institutions can turn on new credit lines or BNPL-style offerings with predictable compliance and monitoring.

What to expect next

• Verticalization: tailored packages for MSME lending, consumer durables, and merchant cash advance.
• Regional expansion: pilots in other fast-growing credit markets across South and Southeast Asia.
• Risk tooling: more granular fraud controls and portfolio health dashboards as volumes rise.

The big test will be conversion and loss rates at scale—if FinBox can consistently improve both, it becomes foundational infrastructure for lenders in high-growth regions.