MyShubhLife, a full stack financial services platform, has closed a funding of Rs 100 crore from Gojo & Company, Inc.
The fresh investment will help MyShubhLife grow its NBFC book and increase disbursements through its co-lending partners,
MyShubhLife will utilize the funds to further expand its footprint with more corporate and large platform partnerships, invest in technology and enlarge its talent pool to offer a seamless, financially inclusive program for the next half billion, the comany said in a press release..
Founded by Monish Anand and Rahul Sekar, MyShubhLife is a full stack financial services platform that offers products such as small and large-ticket personal Loans & Earned Wage access. The company has expanded its portfolio to include mini and micro loans, insurance, Bill Payments, mutual fund SIPS, E Gold and E Tax filing service to the unbanked segments via its Android app that is available in 6 Indian languages.
The firm had earlier raised around Rs 115 crore in Seed and Series A from investors like Pravega Ventures, SRI Capital, Saama Capital, BeeNext, Omidyar Network, Flourish Ventures and Patamar Capital.