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)
