A Digital Lending Startup Raises $18 million from PayU
Mumbai-based digital lending company PaySense has reportedly raised an amount of $18 million in its Series B funding round. This particular round was led by PayU.
The funding round also saw the participation of existing investors including Jungle Ventures and Nexus Venture Partners. PayU had also participated in the Series A round, and this time it invested $11.5 million.
PaySense has hit the milestone of Rs 50 crore monthly disbursement rate already, and with these funds, it is targeting to make it double within the next few months. Along with this, the company is also planning to use the amount to hire more people to strengthen its tech and data analytics team.
“PaySense is leveraging the IndiaStack platform very well to create additional capabilities beyond those of the tradition...