Omidyar Network India Invests $2.5 Mn Seed Fund In Lending Startup Credenc

Date posted: Thursday 24 October 2019

Delhi-based startup Credenc, announced that it has raised $2.5 Mn in seed funding from Omidyar Network India. Investors like EMV capital, Better Capital, and Indian Institute of Management -Kozhikode (IIMK) Alumni Fund also participated in the funding round. Credenc said that the startup intends to build up a loan book of US $500 Mn over the next five years.

(Inc42)