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CreditMantri raises $2.5mn series A funding: Report

By Religare

Chennai-based financial services firm CreditMantri said on Friday that it has raised 2.5 million (about Rs 16 crore) in first strategic round of funding (Series A) from IDG Ventures India, ElevarEquity and AccionVenture Lab, PTI reported.

The online credit management service firm intended to use the funds to broaden and accelerate their platform development and to further build their user base, PTI reported.

Created by a bunch of ex-bankers, the banking and financial services company uses technology and the digital medium to transform the way credit is delivered in India.

Story first published: Friday, June 26, 2015, 23:00 [IST]
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