Fintech startup CredRight has raised $ 2.7 million in a round led by 9Unicorns, Spearhead Capital and Venture Catalyst. The existing investors YourNest, Accion Venture Labs and other Angels have also joined the group.
According to the Hyderabad-based startup, the funds will be used to increase the managed loan book, expand team size, and invest in technology platforms and analytics.
Led by Neeraj Bansal, CredRight is a data-driven lending platform that enables loans to small businesses and MSMEs through NBFCs and banks.
Read more Fintech start-up CredRight raises 2.7 million USD from Trickypedia in a new round.