LenDenClub raises USD 10 mn in Series-A funding; fresh capital to be used to expand loan book, user base, company says
P2P lending platform LenDenClub has raised USD 10 million in a Series-A round co-led by a consortium of investors including Tuscan Ventures, Ohm Stock Brokers, Artha Venture Fund, CRED Founder Kunal Shah, and Policybazaar Co-founder Alok Bansal, the company said in a media release
The company was founded in 2016 by Bhavin Patel and Dipesh Karki. It currently has two loan products - InstaMoney for salaried customers and small business loans for merchants and shopkeepers. Source: Website