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Friday, April 7, 2017

Credit Sudhaar raised undisclosed amount of funding

Credit Sudhaar Services Pvt. Ltd has raised undisclosed amounts from Deepak Kulkarni and Sandeep Pangal. As a part of the deal both will join to its board as directors and shareholders.

The company will use the funds raised to build a loan book and also the company expecting to raise more $25 million (Rs 162 crore) to accelerate growth.

Also read: founder Jeff Bezos Selling $1 Billion of Amazon Stock a Year to Fund Blue Origin rocket company

Credit Sudhaar co-founder Arun Ramamurthy said, We are using the fresh funds and expertise that Deepak and Sandeep bring as a platform to be able to raise our next $25 million. He also said both Deepak Kulkarni and Sandeep Pangal bring expertise that will enable Credit Sudhaar to progress by helping to gather the necessary ingredients for growth, including attracting the best people, putting in place the best processes and partnering with industry leaders for further capital raises.

Credit Sudhaar provides credit advisory services and renders financial products customised to match users’ credit profile. Its services include various credit and financial tools such as credit score, credit score simulator and a wide range of analytical assessments that help users understand their credit health.

The company now has 150 employee and it has more than 5 lakh registered user in its platform.

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