Company Name: Finzy Amount raised: $1.3 million Type: Pre-Series A Sector: Fintech/Lending Date announced: 3rd April 2018 Investors: Unspecified What they will use the funding for: The company will use the funding to accelerate growth by investing in technology, making the processes leaner and faster and in building the team. Source: Business-standard Company Name: SmartCoin Amount raised: $2 million Type: Pre-Series A Sector: Fintech/Lending Date announced: 28th March 2018 Investors: Chinese VC fund What they will use the funding for: The company plans to utilize funds for upgrading its technology platform and grow the team as it continues its expansion plans and looks to acquire more customers. Source: LiveMint Company Name: Cash Suvidha Amount raised: $1 million Type: Pre-Series A Sector: Fintech/Lending Date announced: 27th March 2018 Investors: Initia Holdings Ltd & others What they will use the funding for: The company plans to use the newly secured funds to increase customer base and to further strengthen its technological infrastructure. Source: Financial Express Company Name: MoveInSync Amount raised: $8 million Type: Series B Sector: Transport Date announced: 3rd April 2018 Investors: Nexus VP What they will use the funding for: The company will use the funds to further develop its transport offerings, accelerate customer acquisition and expand to international markets, the statement added. Source: VCCircle Company Name: Namaste Credit Amount raised: $3.8 million Type: Series A Sector: Fintech/Lending Date announced: 3rd April 2018 Investors: Nexus Venture Partners What they will use the funding for: Namaste Credit plans to increase its channel partner programme across…
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