P2P Lending Firm Finzy Raises $1 Million in Second Tranche
Bengaluru-based P2P lending company Finzy has reportedly secured an amount of $2.3 million in funding, which included the first tranche of $1.3 million raised in March this year. In this tranche, the company raised the remaining $1 million.
The names of the investors have not been revealed, however, the company stated that senior professionals of the banking and financial services industry and successful entrepreneurs took a part in the funding round.
These funds raised by the P2P firm are being planned to be deployed in the geographical expansion, technology investment and stronger distribution networks.
"Our seed investors also participated in this Pre-Series A round at more than 4 times valuation as compared to the seed round. This round will help us scale our business closer tow...