FinX raises $6 Mn in seed round from Elevar Equity

FinX, an integrated skilling platform dedicated to bridging the gap between formal education and employability in the BFSI sector, has raised $6 million in seed funding from Elevar Equity.

The proceeds will be used to expand its geographical reach, broaden its product offerings, and diversify into IT skill training. In addition to this, it will also help in enhancing its technology platform in creating scalable solutions that meet the growing demand for skilled talent across various sectors. 

Founded in 2019 by Himanshu Vyapak and Upasana Koul, FinX works with universities and colleges to bridge the gap between academic education and BFSI industry requirements by offering vocational and industry-focused courses alongside degree programs.

The Mumbao-based startup claims to have about 80 employees and over 1,000 trainers spread across 100 cities in India. It claims to have trained more than 40,000 students to date through partnerships with over 300 colleges across 12 states.

Before leading FinX, Vyapak spent 16 years at Reliance Nippon Life Asset Management (RNAM), where he rose to the position of Deputy CEO.