Intellend Raises $1.2 Million Seed Funding Led by Incubate Fund Asia with Participation from M Venture Partners

Intellend Technologies Advisors Private Limited, a fully digital and embedded lending technology platform focused on bridging India’s MSME credit gap, has raised $1.2 million (INR 10.6 crore) in a seed funding round. The round was led by Incubate Fund Asia, with participation from M Venture Partners, Atrium Angels, and angel investor Dhananjay Tiwari. Intellend will use the funds to strengthen the team, build on the product roadmap, and execute on the envisioned GTM strategy.

Founded in May 2025 by Brotish Das (CEO), Som Chatterjee (COO), and Bodhisattwa Gupta (CBO), Intellend is building a full-stack “lending-as-a-service” platform designed for digital merchant ecosystems. The company enables seamless, embedded credit access for underserved MSMEs using advanced data analytics, AI-driven underwriting, and technology-led risk assessment.

India’s MSME sector faces an estimated credit gap of over $500 billion, with more than half of MSMEs lacking access to formal lending and often resorting to high-cost, informal borrowing. Intellend addresses this challenge by partnering directly with digital merchant ecosystems and financial institutions to offer affordable loans at the point of need in a risk-balanced manner. As its initial focus, the company has already tied up with merchant ecosystems collectively serving over one lakh merchants, unlocking credit access with minimal friction.

The fresh capital will be used to strengthen the core team, accelerate product development, and execute the company’s go-to-market strategy. Intellend also plans to expand partnerships across multiple merchant platforms and financial institutions, broaden its product suite, and, over the medium to long term, explore opportunities in other underserved segments and select international markets.

Commenting on the fundraise, Brotish Das, Som Chatterjee, and Bodhisattwa Gupta, Founders of Intellend, said, “We are excited to close our seed round as we work towards reimagining the future of embedded B2B2C lending for India’s MSME ecosystems. This funding allows us to deepen our partnerships with leading ecosystems, strengthen our AI-led credit underwriting capabilities, and scale instant financing solutions that can meaningfully improve credit access for millions of underserved businesses pan-India.”

Mr Rajeev Ranka, India Partner, from Incubate Fund Asia added, “Intellend’s embedded financing platform addresses a critical gap in the digital commerce ecosystem. By integrating AI-driven underwriting, analytics, and active cash flow data, Intellend is building foundational credit infrastructure for underserved businesses. The founding team brings deep expertise in fintech and risk management, having previously scaled billion-dollar lending platforms. Their ability to integrate data and distribution at scale positions the company uniquely.”

On the announcement, Mr Mayank Parekh, Founder and Managing Partner of M Ventures Partners, said, “Intellend is tackling one of the hardest problems in Indian fintech – making short-tenor MSME credit work at scale without compromising on risk.  The team’s ability to translate real merchant data into lender-aligned underwriting and embed that directly into platform workflows gives them a clear structural edge. We believe India is entering a decade where credit will be delivered as infrastructure, and Intellend is well positioned to be a core part of that stack - this is exactly the kind of foundational fintech that MVP exists to build and support.”

The founding team brings decades of collective experience across global and Indian financial institutions, including Citi, Standard Chartered, HSBC, SMFG, Axis Bank, Medical Protective (a Berkshire Hathaway company), and Toast Inc., with proven track records in scaling digital and embedded lending platforms profitably.