Indian online financial services marketplace BankBazaar has raised $5.9mn.
In Brief:
-
The FinTech gained a new investor, US VC WSV Capital.
-
Existing investors also took part including Sequoia India, Eight Roads, Amazon and Experian.
-
This was part of Bankbazaar’s Series D1 equity round.
What does this mean?
The latest funding brings Bankbazaar’s total raised up to $115mn. It will use the cash injection to accelerate the delivery of contactless personal finance products as it looks to expand its business within India.
