IIFL Fintech Fund to invest Rs 300 crore in early-stage fintech start-ups

The fund will back 25 companies and invest in companies that have affordable products and technologies aiding financial inclusion.

FREEFairfax-backed IIFL Group on Thursday said its IIFL Fintech Fund will invest Rs 300 crore in early-stage Indian financial technology start-ups in years.

“We have already invested in four start-ups from the fund and committed four more investments. By March next year, we will have 10 companies in the portfolio,” said Mehekka Oberoi, fund manager at IIFL Fintech fund.

Oberoi said the fund will be deployed in 25 start-ups and invest in fintech companies up to the Series B round. The focus will be to invest in fintech start-ups with affordable products and technologies that aid financial inclusion.

Fintech Fund was established in