CreditVidya, which uses data to provide credit scores for individuals, has raised $5 million in its series B funding round led by Matrix Partners India. The Mumbai-based company’s existing investor Kalaari Capital has also participated in the latest fund raise. CreditVidya co…
Tag: IndiaLends
Google Launchpad picks 6 start-ups from India, shows love for AI
Google’s Launchpad accelerator on May 24 announced its fourth batch of start-ups. The latest class of Launchpad has 33 start-ups from across Asia, Africa, Europe, and Latin America, including six from India. These companies will work closely with Google for six months. They get equity-free suppor…
NBFC start-ups in India offer quick, simple financing options to revive sick MSMEs
India has about 4.8 crore MSMEs which consequently provides employment to over 10 crore people. However, they suffer from a lack of funding support despite the government’s various attempts at financial inclusion. In order to bridge this credit gap, Lendingkart offers quick, convenient financing…
In the absence of RBI guidelines, a code of conduct for digital lending start-ups
Bengaluru: The Digital Lenders Association of India, an industry body of about 20 startups in the digital lending space, has laid down a general code of conduct for its members which is likely to ensure more transparency in this nascent sector yet to be governed by specific guidelines by the Rese…
Only clean social history can get small companies a loan
What does a small enterprise need to do to get a loan? In today’s world: Keep a clean social media footprint. Until a few years ago, Small and Medium Enterprises seeking a loan had to make multiple trips to banks or other lenders with company and project details, and could still go disappoi…
Kalaari Capital leads $2 million Series A funding round in Creditvidya
Early-to-mid-stage venture capital firm Kalaari Capital has led a $2 million (Rs 13.3 crore) funding round in financial technology startup Infocredit Services, which operates credit score advisory platform CreditVidya . Additionally, the three year-old, Mumbai-based startup has received Rs 1 cror…