Fintech startup Recur Club has raised $30 million in its seed round led by InfoEdge Ventures and Village Global.
Aditya Birla Finance Ltd., Incred Financial Services, Titan Capital (Kunal Bahl, Rohit Bansal), Kotak Investment’s MD (S. Srinivasan), AZB & Partners founder and Senior Partner (Bahram Vakil), PointOneCapital’s General Partner (Archana Priyadarshini), LogiNext’s founder (Dhruvil Sanghvi), Adept Ventures and Lykke Capital have also joined the round.
Recur Club plans to use the funds raised to accelerate its growth and expand its sales and engineering teams, the company said in a release.
Founded in 2021 by Abhinav Sherwal and Eklavya Gupta, Recur Club assesses its customer’s key metrics by integrating with its accounting, billing and subscription management systems. It works with all companies with predictable annual revenue from existing customers of at least $100k.
The startup is currently working with Avatar Ventures-backed Heal Software, Keka HR, Apis Partner-backed Xoxoday, co-living firm Hooliv etc. Recur Club’s platform facilitates institutional investors to bid to provide financing to these customers.