B2C credit management platform CheQ bags $10 million in the funding round led by Venture Highway
- ByStartupStory | June 30, 2022
The $10 million seed round for the business-to-consumer (B2C) credit management platform CheQ was headed by Venture Highway and 3one4 Capital. In the fundraising round, Multiply Ventures, Marshot Ventures, and Veda VC also took part. CheQ is supported by angel investors including Shailaz Nag, the creator of Dotpe, and Naveen Kukreja, the CEO of PaisaBazaar, among others.
The business intends to use the money to expand its staff, introduce new products, and buy new technology. According to a statement released on Wednesday by the firm, CheQ will roll out its product over the next months. CheQ, which Aditya Soni founded in January, makes it easier for users to find and manage all credit products, including cards, buy-now-pay-later (BNPL), and others.
By making it simpler for clients to track, manage, and make all of their credit payments on one platform, we are creating a customer-first platform that focuses on enhancing the credit health of customers, according to Soni. CheQ now has a staff of 30 employees working on various projects, and by the end of the year, it hopes to have 100 members.
Nitya Agarwal, vice president of 3one4 Capital said, “end-users have little comprehension of the numerous financial products that they are signing up for with the development of BNPL and credit penetration in India.”
Th firm is the leader in Go-to-Market Security globally. The best option available globally for Go-to-Market companies seeking to protect their operations from fraudulent traffic is CHEQ (IVT). Built by alumni of the Israeli Military Defense Intelligence, CHEQ is at the cutting edge of cybersecurity innovation, driving the expansion of Go-to-Market Security (GTMSec), one of the IT industry’s quickest-growing subsectors. Over 12,000 clients worldwide, from teams and individuals to the top marketing companies in the world, trust CHEQ.
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