Digital lending startup Avail Finance has raised $9 million from existing investor Matrix Partners India. The startup offers interest-free personal loan product for blue-collar employees.
The fresh funds will be used to foray into a neo-banking platform where it will be offering one-stop digital banking facility for them. Ola founders Ankit Bhatia, Bhavish Aggarwal, Cred founder Kunal Shah, Flipkart co-founder Binny Bansal and Mswipe founder Manish Patel have also invested in Avail Finance. (Source)
