IIFL Fintech Fund, India’s leading early-stage fintech focused fund, today announced a successful partial exit from its investment in FinBox, a credit infrastructure and embedded finance platform. The fund has delivered an impressive 5x Multiple on Invested Capital (MOIC) on the initial tranche, marking a significant milestone in its investment journey.

Since its investment, IIFL Fintech Fund has actively supported FinBox in scaling its technology and expanding its partnerships across banks, NBFCs, and fintech companies. The company has emerged as a key enabler of digital credit infrastructure, powering embedded finance solutions for leading financial institutions.

Commenting on the exit, Mehekka Oberoi, Fund Manager, IIFL Fintech Fund, said:

“This marks the third exit of our fund in the last one year and underscores our commitment to identifying and backing high growth businesses with strong fundamentals. Our investment thesis was anchored around the embedded finance space and the transformative role it will play in expanding access to credit. The partial exit not only validates our strategic approach but also reinforces the strength in our portfolio and the value we aim to create for our stakeholders”

IIFL Fintech Fund remains committed to investing in innovative startups building the next generation of financial services. With over 13 investments and multiple successful exits, the fund has demonstrated strong returns.