Digital lending platform RupeeRedee has raised $6 million in a funding round from its Russian-based parent entity- Digital Finance International. The company would utilize the fresh capital to bolster its technology and improve its systems to evaluate customers better.
The Gurugram-based startup offers personal loans to consumers who are not covered by traditional financial institutions and helps them create a credit history so that they can access credit on better terms. (Source)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
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