Fintech firm Recordent has raised $400K in angel funding from the Family Office of Kantamaneni, IIM Calcutta Innovation Park and other angels.
The company will utilize the funds for the development of its technology platform by adding more services and features and in customer acquisition.
Launched in late 2020 by Winny Patro and Harish Mamtani, Recordent helps businesses to collect credits from their customers by building APIs for accounting software.
The Hyderabad-based startup has over 50K customer dues and 11K businesses including the likes of Furlenco, Guarented, Bigsams, Udaan, RateGain. By March 2022, they are targeting over 25K businesses with the number of dues reaching more than 150k.