Fintech lender Eduvanz, which specialises in education financing, has raised $5 million in a series A round led by venture capital firm Sequoia Capital India. The funding round also saw participation from Unitus Capital which is an existing investor in the company. The newly infused capital will be used by the non-banking financial company (NBFC) to expand its presence in smaller towns, while also improving collection efficiencies and lending cycle management, the company said in a statement.
Eduvanz raises $5 million in Series A financing led by Sequoia India
Date posted: Friday 14 August 2020