Accion Venture Lab and YourNest along with a few other prominent angels have jointly invested $1.3 million (Rs.9 cr.) in the Hyderabad-based fintech startup CredRight. CredRight would be using the funds towards onward lending with NBFCs or banks, strengthen AI or ML credit algorithm, further enhancement of tech platform, expand reach to more than 25 cities or towns as well as towards hiring & building a world-class team.

(Inc42)