Online lending platform Credy which facilitates small-ticket, online personal loans and school fee financing loans has raised $1.4 million in Seed funding from prominent investors including Y Combinator, Khosla Ventures, Vy Capital, and a bunch of Silicon Valley-based angel investors. The startup will use the proceeds to significantly ramp up the loan book, forge partnerships with institutional lenders, hire talent for operations, and further build the technology to underwrite the customer.

(Inc42)