TapFin, a full-stack sustainability platform driven by technology, has secured USD 4 million in seed funding from Elevar Equity, a prominent equity investor in Latin America and India that spearheaded the commercialization of impact investing.
Terniza Berry, Aditya Singh, and Pramod Marar formed TapFin. Between them, they have over 60 years of expertise in the financial services, technology, sustainability, electric mobility, retail distribution, and risk management fields at prestigious international and new generation companies.
With this finance, TapFin will move closer to its objective of becoming the premier sustainability platform in India. The company will first focus on clean mobility before branching out into other sustainability verticals like solar and other renewable energy technologies.
Speaking on the same, Aditya Singh, Co-founder and CEO, TapFin said, “At TapFin, we are fostering India’s transformation by building a Sustainability Platform that facilitates financing and other value-added services for the entire ecosystem. Terniza, Pramod, and I believe that the landscape, while nascent currently, will unleash the entrepreneurial spirit in the country and empower start-ups and MSMEs. Our goal is to be a part of every Sustainability transaction in the country by getting all ecosystem participants on our platform. We are excited to partner with a marquee investor like Elevar Equity, whose philosophy and conviction to bring about on-the-ground & observable change aligns with that of TapFin”.
With the money, TapFin will expand its market reach and expansion objectives, fortify its data and technological capabilities, draw in top personnel, and accelerate product development. This investment, spearheaded by Elevar Equity, is noteworthy because it demonstrates the market’s faith in TapFin’s novel platform strategy and the founding team’s ability to transform India’s sustainability landscape, with a special emphasis on MSMEs and startups.
Sandeep Farias, Founder and Managing Partner, Elevar Equity said, “We see immense potential in TapFin’s goal to become India’s leading technology-led Sustainability Platform, offering a range of value-added services. The Platform is designed to unlock the economic and entrepreneurial potential – and aspirations – of MSMEs and Entrepreneurial Households across the country. In Terniza, Aditya, and Pramod, we have invested in a founding team with vision, conviction, and diverse execution capabilities necessary to create a new, Sustainability-focused distribution model operating at the intersection of inclusivity, affordability, profitability, and transformative scale. Our investment aligns with Elevar’s goal to focus on the entrepreneurial potential of underserved customers and households and the communities they live in”.
About TapFin
With TapFin, underprivileged groups in society can get financial solutions and help establish sources of revenue for both themselves and their staff.
