Friday, April 26

Tag: Quona Capital

CreditMantri Raises $7.6 Million Funding From Quona Capital, Others
1Mar By NitishNo Comments
FUNDING

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 ...
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Fintech Startup NeoGrowth Raises $35mn
5Jul By NitishNo Comments
FUNDING

Fintech Startup NeoGrowth Raises $35mn

Fintech startup NeoGrowth has raised USD 35 million (about Rs 225 crore) of equity from IIFL Asset Management and existing investors, including Accion Frontier Inclusion Fund, managed by Quona Capital. A significant portion of the equity was raised in the current round and other existing investors ? Omidyar Network, Aspada Investments and Khosla Impact ? also participated in the funding, IIFL said in a statement here. NeoGrowth will use the funds to help small retailers, including qualified borrowers with little or no credit history, access credit in the country, it said. Using a data and technology-driven approach, the company provides small and mid-sized retail enterprises with flexible, innovative loan products that are secured against retailers future credit card and debit sal...
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