Edtech platform FinX has announced raising a significant funding round from Elevar Equity, marking a pivotal step in its mission to bridge the gap between formal education and practical skilling. The capital will be directed toward expanding its geographical footprint, broadening product offerings, and diversifying into IT skill training to meet the rising demand for skilled talent across sectors.
The startup also plans to enhance its technology platform to develop scalable solutions, enabling a stronger skilling ecosystem. Himanshu Vyapak, Founder and CEO of FinX, expressed enthusiasm about the partnership with Elevar Equity, highlighting its alignment with FinX’s vision of creating a meaningful social impact. “This funding will enable us to deepen our impact in Tier-2 and Tier-3 cities and further strengthen skilling opportunities for colleges and corporates,” Vyapak stated.
Founded in 2019, FinX aims to connect formal education with practical skilling to prepare students for careers in the BFSI (Banking, Financial Services, and Insurance) sector. Its wholly-owned subsidiary, CIEL, stands as one of the largest corporate training companies in BFSI, offering learning solutions to professionals across banking, asset management, insurance, NBFCs, financial distribution, and broking sectors.
As part of its growth strategy, FinX is expanding its offerings to include technology-focused courses and placement services. The company currently boasts a team of over 80 associates and a network of 1,000+ freelance trainers. Its senior management comprises professionals with an average of 20 years of experience in the BFSI domain.
To bolster its capabilities, FinX plans to pursue strategic acquisitions of skilling and training firms specializing in finance and technology. This move is expected to enhance its portfolio and contribute to its mission of bridging the skills gap on a broader scale.
Sandeep Farias, Founder and Managing Partner of Elevar Equity, emphasized the transformative potential of education for underserved entrepreneurial households. “Education directly impacts employability, family economic well-being, and social mobility. We are thrilled to back FinX in its mission to enhance employability and drive economic empowerment. Himanshu and his team bring a unique blend of vision, inclusivity, and execution expertise to scale this impactful model,” Farias remarked.
FinX’s vision of creating scalable skilling solutions aligns with the growing demand for practical training and job readiness in India and beyond. With the support of Elevar Equity, FinX is poised to solidify its position as a leader in financial education while making a profound social and economic impact.
