StashFin is a neo-banking platform that provides an instant credit line of up to Rs. 5 Lakhs through a fully digital application process, enabling users to access funds quickly for emergencies or personal needs. The platform also offers tools for monitoring credit scores and purchasing discounted gift cards, addressing the need for accessible financial services and improved financial management.
Funding
$9.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals in India lack access to quick and flexible credit options for emergencies or personal needs, often facing lengthy application processes and rigid repayment terms from traditional financial institutions. This can be particularly challenging for those with limited credit history or immediate funding requirements.
Solution
StashFin provides a digital lending platform that offers instant credit lines up to ₹5 Lakhs with flexible repayment tenures. Users can apply for and access funds through a fully digital process, with approvals and disbursal occurring rapidly. The platform also provides tools for users to monitor their credit scores and access discounts on gift cards, aiming to provide accessible financial services and promote better financial management. Stashfin also facilitates investments in corporate bonds and offers insurance products.
Target Audience
StashFin primarily targets Indian citizens above the age of 18 who require quick access to credit lines for personal needs and are looking for tools to manage and improve their financial health.
Features
- Instant credit line access ranging from ₹1,000 to ₹5,00,000
- Interest-free period of up to 30 days on utilized credit
- Flexible repayment tenures ranging from 12 to 36 months
- Digital application process with quick KYC verification and disbursal
- Credit score monitoring with detailed insights
- Investment opportunities in SEBI-regulated corporate bonds with returns up to 15% p.a.
- Insurance plans including wallet protection, income protection, and travel insurance
- Voucher access for discounts on shopping, dining, and entertainment