RevFin
| Private | |
| ISIN | 🆔 |
| Founded 📆 | 2018 |
| Founder 👔 | |
| Headquarters 🏙️ | , |
Area served 🗺️ | India |
Key people | Sameer Aggarwal (CEO & Founder) |
| Members | |
Number of employees | |
| 🌐 Website | [Lua error in Module:WikidataIB at line 665: attempt to index field 'wikibase' (a nil value). ] |
| 📇 Address | |
| 📞 telephone | |
RevFin is a fintech platform headquartered in New Delhi. Founded in 2018, RevFin provides loans to individuals to purchase electric vehicles.[1]
History[edit]
Sameer Aggarwal, a graduate of IIT Kharagpur, founded RevFin in 2018.[2][3] He worked as a banker at HSBC. He then moved to London to work for Oakam as a Head of Risk and Analytics. Sameer came back to India in 2017 to start his venture. In 2018 he founded RevFin.[1] The company soon began providing loans for electric three-wheelers in 15 Indian states including Uttar Pradesh, Bihar, West Bengal, Uttarakhand, and Jharkhand.[1][4]
In 2018, RevFin received approval from the Reserve Bank of India to acquire Aristo Securities,[5] which was founded in 1994 and became a Non-Banking Financial Company in 2000.[6][7]
Funding[edit]
In October 2021, RevFin received $4 million in pre-series A funding round led by Dheeraj Jain, director of Redcliffe Life Solutions.[8] In March 2022, RevFin secured INR 100 cr in a debt financing round from Northern Arc, LiquiLoans, UK Charity Shell Foundation, and other investors.[9][10]
Partnership[edit]
In January 2020 RevFin made a partnership with PNB Metlife to provide life insurance to its customers.[11]
In March 2021 Revfin made a strategic partnership with LoadExx to launch an aggregation platform for Cargo electric vehicles.[12]
In May 2021 RevFin teamed up with Aeries communication for IoT-based Electric vehicles.[13]
In May 2022 Revfin partnered with Kinetic Green to provide loans for electric three wheelers.
In May 2022 RevFin entered into a partnership with Hero Electric to jointly finance electric two-wheelers.[14][15]
Awards[edit]
- RevFin was selected as a part of the 2022 Inclusive Fintech 50 (IF50) cohort by Inclusive Fintech 50[16]
References[edit]
- ↑ 1.0 1.1 1.2 Singh, Rajiv (22 November 2021). "How Banker-turned-investor Sameer Aggarwal Is Financing The EV Revolution". Forbes India. Retrieved 2022-07-22.
- ↑ Mukherjee, Sharmistha. "RevFin eyeing up Rs 40,000 crore in loans over the next five years". The Economic Times. Retrieved 2022-07-22.
- ↑ Suhail, Resham (26 April 2022). "Bullish On Leveraging Influence Of Digital Innovation In Fintech". Businessworld.
- ↑ Soni, Yatti (2020-02-05). "RevFin Pumps Up EV Demand In Tier 3 India With Psychometric Loan Analysis". Inc42 Media. Retrieved 2022-07-22.
- ↑ "RevFin Gets RBI Approval To Acquire NBFC". BW Businessworld. Retrieved 2022-07-22.
- ↑ Chaudhary, Vikram. "Interview with Sameer Aggarwal, Founder & CEO, RevFin". Financialexpress. Retrieved 2022-07-22.
- ↑ Bhaskar, Utpal (2021-07-31). "CESL in talks with NBFCs to reduce interest on EV loans". mint. Retrieved 2022-08-04.
- ↑ Kaur, Jaspreet (2022-03-14). "Digital Lending Startup RevFin Bags INR 100 Cr For Business Expansion". Inc42 Media. Retrieved 2022-07-22.
- ↑ Singh, S. Ronendra (2022-07-10). "RevFin to raise ₹250 crore to fund more EVs this year". www.thehindubusinessline.com. Retrieved 2022-08-04.
- ↑ Mukherjee, Sharmistha. "EV demand for commercial use likely to increase by 15 times in 6 months". The Economic Times. Retrieved 2022-08-04.
- ↑ "RevFin gives loan to e-rickshaw customers during Covid-19 crisis". The Economic Times. Retrieved 2022-08-04.
- ↑ www.ETAuto.com. "RevFin partners LoadExx to launch aggregation platform for cargo EVs - ET Auto". ETAuto.com. Retrieved 2022-08-04.
- ↑ "RevFin, Aeris team up to bring smarter, safer IoT-based electric vehicles: All details". Financialexpress. Retrieved 2022-07-22.
- ↑ Paul, Aakash (17 March 2022). "Hero Electric & RevFin join hands to makes adoption of EV two-wheelers easier". Financial Express. Retrieved 2022-07-22.
- ↑ "EV funding in the fast lane". Autocarpro. Retrieved 2022-08-04.
- ↑ "2022 Cohort". Inclusive Fintech 50. Retrieved 2022-10-25.
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