Embedded lending technology platform Intellend raises $1.2 million from Incubate Fund Asia

Intellend Technologies Advisors, a fully digital and embedded lending technology platform focused on bridging India’s MSME credit gap, has raised $1.2 million (Rs 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 startup enables seamless, embedded credit access for underserved MSMEs using advanced data analytics, AI-driven underwriting, and technology-led risk assessment. 

It partners with digital merchant ecosystems and financial institutions to offer affordable loans at the point of need in a risk-balanced manner. 

Intellend will use the raised capital to strengthen the core team, accelerate product development, and execute its go-to-market strategy.

The startup 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.” 

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.”