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Happy Loans

Happy Loans claims to raise $20 Mn debt and equity funding

Happy Loans

Tech-enabled short term loan provider Happy Loans has claimed to receive $20 million debt and equity round from a consortium of local and US-based investors. The firm provides debt in a range of Rs 10,000 to Rs 100,000 lakh to micro-enterprise at 2% interest rate.

Founded by ex Airtel Money CEO –  Manish Khera, Happy Loans raised $17 million in debt to facilitate forward lending while $3 million has come in as an equity investment in the fresh round. (Source)

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