Fintech Startup Raises $2 million Pre series A Funding
SmartCoin, a Bengaluru based Fintech startup raises $2 million funding in pre-Series A round from a top Chinese VC fund and Accion Venture Lab.
An existing investment group Unicorn India Ventures also participated in the round, along with ISME ACE, a leading fintech accelerator.
This funding round will use to expand the team and operation with an aim to cover a much larger customer base.
SmartCoin is a mobile app based lending platform, capable of assessing the risk profile of a prospective borrower in real time, using data science and machine learning algorithms.
"With this round, we expect to grow the momentum and further scale 10X over the next six to twelve months. Having specialists as investors, who are passionate about micro-lending, on board will only help us cover more g...