Avanti Finance raises $15M in funding from existing investors
Avanti Finance recently announced that it raised $15 million in a funding round from existing investors Oikocredit, Nomura, The Bill & Melinda Gates Foundation, and Dr K R Shroff Foundation.
The startup will use the capital raised to further fortify its deep tech platform, strengthen data science, develop its product suite, and acquire new talent.
Avanti CEO Rahul Gupta said, “The Avanti team is excited and ready to accelerate our mission. We are grateful to our board and investors for reposing their faith in our unique business model to democratise credit to the next 100 million households and make every loan an impact story.”
The tech-led NBFC functions on a platform that facilitates a ‘paperless, presence-less, and cashless’ solution to lending aimed atl reducing costs and friction for unserved and underserved segments of the Indian population.
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