CreditVidya Raises $2M Series A Funding From Kalaari Capital
Kalaari Capital, an early-to-mid-stage venture capital firm invested a Rs 13.3 crore funding in Mumbai-based startup CreditVidya. Creditvidya is a financial technology startup Infocredit Services, which operates credit score advisory platform. It has also received additional 1 crore from Paragon Partners, Siddharth Parekh, an early backer of the venture of the creditvidya in his personal capacity.
The company will use the Series A funding to further build its technology platform, launch new products and expand its headcount, with a particular focus on ramping up its data sciences team.
"India's demographic profile consists primarily of people without a credit history. CreditVidya's solutions enable lenders to increase profitability by more accurately assessing the credit risk o...