Fintech Looking for USD 1.5 mln

By PawanKumar1
Posted On: 26 / Apr / 2021
1 753

Deal Details

Annual

Deal Type

Sell (Strategic Investors)
Maximum Loan

Industry

Fintech
Charge

Deal Status

Active

Deal Description

A fintech which has been funded by Venture Highway, Anecut Ventures, Sequoia Spark and others is looking for a funding of USD 1.5 mln. Of this about USD 700K has been committed by existing investors and marquee angel investors. Startup is into loans for employees in retail and manufacturing sectors with monthly income of 20-25K. They have a proprietory algorithm which helps evaluate the credit risk for such employees where most of them are New to Credit. Founders are seasoned professionals from IIMs with over 35 years corporate experiences between the two.

No Files Attached

Deal Value
₹ 11.99 Crore
Targeted Region
Americas

Revenue

2019-20
₹ 7.99 Crore
2020-21
₹ 7.99 Crore
2021-22
₹ 7.99 Crore
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