BankBazaar Secures $30 Million In Funding Led By Experian

Business

oi-Sunil Fernandes

By Sunil Fernandes

Published: Thursday, October 19, 2017, 8:39 [IST]

BankBazaar.com has raised US$ 30 Million in a funding round led by Experian, the world's largest credit rating agency and information management company.

Speaking about the investment, Adhil Shetty, CEO, BankBazaar, said: "Experian is a global leader in credit reporting and information management, and we are very excited to have them on board as a part of our investor group which includes Amazon, Sequoia, Eight Roads (Fidelity Growth Partners), and Walden International.

There is a natural synergy between the world's largest information management company and one of the fastest growing fintech companies. The funds from this round will be used to further strengthen our position as the leader in secure paperless access to loans, cards, and mutual funds. Experian will enable us to accelerate towards our vision of paperless access to all financial products."

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