CreditMantri Raises $7.6 Million Funding From Quona Capital, Others
Online lending platform CreditMantri today said it has raised USD 7.6 million (about Rs 51.4 crore) in a Series B (second strategic round) funding from Quona Capital and others.
The funding round was led by Accion Frontier Inclusion Fund, managed by Quona Capital along with Newid Capital and existing investors Elevar Equity, IDG Partners and Accion Venture Lab, CreditMantri said in a release.
CreditMantri will use the funds to grow its user base, strengthen product proposition and build the team, it added.
Veda Corporate Advisors was the bankers to the transaction. "The funds raised will help us deliver a complete suite of products and services to give the Indian consumer better choice and make credit truly possible," Ranjit Punja, co-founder and CEO of CreditMantri, said.
The ...