Bengaluru-based Nivasa Finance has raised $3 million (round Rs 25 crore) in a seed funding spherical led by Prime Enterprise Companions, with participation from Blume Ventures, Whiteboard Capital and a gaggle of angel investors.

The recent funding can be used to increase into new markets, strengthen its area execution and distribution community, and deepen partnerships with banks, NBFCs and housing finance firms. Additionally it is exploring the opportunity of acquiring an NBFC licence.

Based in 2025 by Samit Shetty and Hitesh Saraf, Nivasa Finance operates a distribution and fulfilment platform for inexpensive housing loans and loans towards property in non-metro markets.

The startup works with underserved debtors, together with self-employed people, gig employees and small enterprise house owners, utilizing a hybrid mannequin that mixes technology-led processes with on-ground area operations. It helps prospects throughout the mortgage lifecycle, together with evaluation, documentation, lender matching and disbursal.

“India doesn’t have a credit score drawback, it has a mortgage debt drawback. Our mortgage debt to GDP ratio is at 20% of the degrees in developed economies and under 40% of most growing nations, whereas on unsecured we’re totally on par. There’s a giant phase of debtors throughout India who’re constructing properties and personal property however stay excluded from formal secured credit score techniques, not due to lack of intent or reimbursement means, however as a result of the entry and achievement mechanisms are non-transparent and really complicated.”

“At Nivasa, we’re constructing a distribution and fulfilment layer that provides buyer readability on viable mortgage choices and retains fulfilment easy for the shopper, whereas enabling lenders to take part on this phase with higher confidence and effectivity,” stated Samit Shetty, Founder & CEO, Nivasa Finance.

Nivasa Finance at the moment companions with greater than 10 lenders, together with banks, small finance banks, housing finance firms and NBFCs.

Since its launch, the startup has facilitated tons of of loans price greater than Rs 20 crore throughout Mysore and Mandya in Karnataka.

Sanjay Swamy, Managing Associate, Prime Enterprise Companions, stated, “100% of households in additional than 600,000 villages in India aspire to remodel from semi-permanent to everlasting properties and we see lots of this occurring within the subsequent decade. Samit, Hitesh and workforce are dedicated to driving this transformation with truthful and inexpensive financing and we’re thrilled to companion with them on this journey.”

Karthik Reddy, Managing Associate, Blume Ventures, stated, “Nivasa is constructing vital infrastructure for increasing entry to secured finance in underpenetrated markets. Their deal with execution, buyer readiness, and lender alignment positions them properly to scale on this phase.”