Credit Fair raised 15 cr debt fund from SBI
- ByStartupStory | December 15, 2022
State Bank Of India has lended a debt of 15cr to Credit Fair, a consumer based digital technology based startup.The funding will help Credit Fair to enhance its customer satisfaction on digital payments platform & also to have product innovations.
Aditya Damani, Founder and CEO, Credit Fair, said: “We have delivered right amount of credit at the right time with our technology. With SBI’s backing, we can also provide credit at the right cost.”
“This funding is a testimony to the growth potential of the Credit Fair. It also underscores the company’s profitability and ability to innovate newer solutions for business expansion. The investment fits perfectly with our expansion plans and future strategies,” Damani added.
Credit Fair was founded in 2018 by Aditya Damani and is backed by K.M. Global Group, which has over 30 years of experience in financial services.The firm successfully obtained our NBFC registration from the Reserve Bank of India.
They are building a cutting edge FinTech lending platform for Bharat. We have begun our journey by offering installment loans in four key sectors – Education, Healthcare, Home improvement and Electric vehicles.
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