Fundz

India's Ecofy raises $10.83M funding from FMO to support expansion

Jan 26, 2024

Amount Raised

$10.8 Million

Round Type

Funding Round

WorliFinancial Services

Investors

Fmo

Description

Ecofy, India’s green-only non-banking financial company, has secured an investment of INR 900 million ($10.83 million) from FMO, the Dutch Entrepreneurial development bank. The investment is intended to fuel Ecofy’s loan book growth, facilitate product diversification, and support expansion pan India.

Quick answer

Ecofy raised $10.8 Million in a Funding Round round, dated January 26, 2024. Investors: Fmo. Ecofy is based in Worli, Maharashtra, India.

How much did Ecofy raise?
Ecofy raised $10.8 Million in a Funding Round round on January 26, 2024.
Who invested in Ecofy?
Fmo is named as investors in this round.
What does Ecofy do?
We are the ones by your side on your journey to going green.
Where is Ecofy based and how big is it?
Ecofy is based in Worli, Maharashtra, India. Fundz records about 400 employees.
Who are the decision-makers at Ecofy?
Fundz holds 3 contacts at Ecofy, including the Head of Collections. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services around the same time

Companies in the same sectors as Ecofy that raised within 45 days of this round, from Fundz verified event records.

  • Flagstone raised $141M on March 11, 2024.
  • BlackSoil raised $100M on March 11, 2024.
  • Rakeez Financial raised $2M (Seed) on March 11, 2024.
  • CHERUB TECHNOLOGIES raised $1M (Seed) on March 11, 2024.
  • Griffin Bank raised $24M (Series C) on March 11, 2024.
  • AuthPay raised $450K (Pre-Seed) on March 11, 2024.

Who to call at Ecofy, and when

A new round usually means Ecofy is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Ecofy raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Ecofy, from your own LinkedIn network

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Company Information

Company

Ecofy

Location

Worli, Maharashtra, India

About

We are the ones by your side on your journey to going green. We are ecofy. We support individuals and small businesses who make green choices and aim towards a sustainable tomorrow. So, whether you are looking to buy a 2 or 3 wheeler EV, solarise the roof of your home or business, or get a loan for your green business, we’ve got your back! With a strong team of domain experts, ecofy promises safe and fast green loans as well as a wide range of products. So, what are you waiting for? Make a choice, make a difference.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Ecofy raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

3 contacts
Verified contactsKamal D., Head of Collections hidden hiddenSee plans and pricing
Predictive Intelligence
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ML-powered predictions for Ecofy's next move

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Ecofy raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.