Bengaluru-based virtual banking startup indyFint on Thursday said it has raised $2.1 million in Series A round led by Saravanan Adiseshan, Co-founder of SJ Associates.
The startup also plans to use the new funding to accelerate product development and drive its market expansion efforts.
Shailendra Naidu, CEO, indyFint, and Paddy Padmanabhan, Co-founder and Chairman, indyFintLaunched in October 2019 by Paddy Padmanabhan and Rajiv Kuchhal, indyFint is building a marketplace to enable lenders to directly offer short-term loans to merchants, employees, and students.
We are building a world-class technology platform that would play a significant role in providing timely credit.
With its innovative offerings, indyFint would be able to have a significant play in the micro-finance segment.”The virtual banking startup leverages its technology platform for sourcing, due-diligence, and evaluating borrowers. | To read full story, visit https://startuparound.com/read/1575532806.3158777/[Funding-alert]-Virtual-banking-startup-indyFint-raises-$2.1M-in-Series-A-round?ref=audio_experience