Education-focused lender Finwego has raised $1.7 million from venture capital firm SAIF Partners, along with high networth individuals and angel investors who also participated in the fund raising. Currently operational in Tamil Nadu, Finwego specializes in lending across the school ecosystem, and will use the funds raised for expansion, growing a profitable book and strengthening their tech and data infrastructure. It also plans to apply for a non-banking finance company (NBFC) licence soon.

(Live Mint)