BankBazaar | Pixr8 News

BankBazaar.com, an online marketplace for financial products, said it has raised $30 million funding, led by credit agency Experian. The company will use the proceeds of the funding to expand its operations in India and overseas markets, strengthen workforce and platform. "Experian is a global leader in credit reporting and information management, and we are very excited to have them on board as a part of our investor group, which includes Amazon, Sequoia, Eight Roads (Fidelity Growth Partners), and Walden International," BankBazaar CEO Adhil Shetty told PTI. The company has raised USD 110 million till date, including the current round. ALSO READ Microsoft Responded Quietly After Detecting Secret Database Hack In 2013 Bharti Airtel Is Selling iPhone 7 at Rs 7,77...

Financial marketplace BankBazaar.com today said it has launched a multi-brand paperless e-KYC platform for instant loan approvals. This eliminates the need for physical document submission for loan approvals through the companys online platform, BankBazaar.com said in a statement. This would be available for personal and car loans. "We, along with our partners, have been working towards this moment where we take the loan application process completely online and paperless," BankBazaar.com CEO Adhil Shetty said. This step promises to increase customer satisfaction and decrease operational costs for the banks, he added. This would also reduce the loan sanction time to as little as one business day, it said.

Tag: BankBazaar

BankBazaar Secures $30M Funding From Experian

BankBazaar.com Launches e-KYC Platform For Loan Approvals