December 2, 2016
IndiaLends will use funds to expand its analytics capabilities, offer more consumer-focused products, and increase its market footprint across India.
Delhi, 1 December 2016 - FinTech startup IndiaLends.com has raised $4 million in Series A funding from American Express Ventures, existing investors DSG Consumer Partners, Chinese investment firm Cyber Carrier VC and AdvantEdge Partners. The latest round of funding will be used by the company to expand its credit underwriting and analytics capabilities, offer more consumer-focused products and increase its market footprint across India.
Started in March 2015 by ex-Capital One duo Gaurav Chopra and Mayank Kachhwaha, IndiaLends is a credit scoring and analytics platform focused on disrupting the fragmented consumer lending market in the country. The company operates an online marketplace that allows consumers to shop for loan products, as well as access credit scores and financial education. It curre ...