The Noida-based company, Biz2Credit has raised INR 360.25 Crore in Series B round of funding, led by West Bridge Capital.
According to a media report, the online lending platform, Biz2Credit said that it will utilise fresh funding to enhance its marketplace and reinforce the expansion of its digital platform, Biz2X for banks and financial institutions by doing partnerships with global entities.
Currently, the digital platform, Biz2X is live in 4 markets across the globe and the company is planning to expand its business further.
The platform would differentiate itself because of its omnichannel focus on helping banks to scale up their digital lending business, CEO and Co-founder of Biz2Credit, Rohit Arora told the daily news, VC Circle.
The investment would allow Biz2Credit to recruit talent and maintain its position as the industry leader and innovator in online lending technology, Co-founder and President of Biz2Credit, Ramit Arora told aforementioned daily news.