ePayLater Raises pre-Series A funding from ICICI Bank & Others
Mumbai, January 10, 2019: ePayLater, the leading innovator in the digital credit market, is beginning 2019 on a high note. It has closed its Pre-Series A funding round which was led by ICICI Bank, the second largest private bank in India and also saw participation from GMO Global Fintech Fund, the investment fund of the internet conglomerate in Japan along with family offices like Parekh and Patni and foreign investors from the UK.
With this capital infusion, ePayLater is better poised to ramp up its technology architecture as well as strengthen its product. The company had earlier raised USD 2 million during its angel round of funding.
ePayLater has quickly made its mark in India as one of the top digital credit solutions, providing interest-free credit terms for a 14-day period th...