Ladies and gentlemen! We have a huge pre-Diwali announcement that’s sure to knock your socks off! Any guesses?
Okay, here goes! We’ve just raised US$ 30 million in Series D funding led by Experian, the world’s largest credit rating agency and information management company.
Joining hands with our existing backers Amazon, Sequoia, Eight Roads (Fidelity Growth Partners) and Walden International, Experian has helped our total funding reach a whopping $110 million. In the wake of such fantastic news, we’d like to extend a huge round of gratitude to Experian for the show of confidence and trust in us.
Adhil Shetty, CEO, BankBazaar, said, “We are very excited to have Experian on board as part of our investor group. There is a natural synergy between the world’s largest information management company and one of the fastest growing fintech companies.”
“The funds from this round will be used to further strengthen our position as the leader in secure paperless access to loans, cards, and Mutual Funds. Experian will enable us to accelerate towards our vision of paperless access to all financial products.”
For those of you not in the know, we have partnered with Experian and launched the Credit Score Tracker on our website and Android app, allowing you to check your Experian Credit Score for FREE. If you haven’t tried it yet, please do!
Of late, our prime focus has been on paperless finance. We have seen both customers and many government-led and regulatory developments accepting the role of our paperless-finance platform in creating a secure and more transparent process for financial inclusion.
Ben Elliott, CEO, Experian Asia Pacific, said, “We believe that consumer adoption of fully digital experiences coupled with paperless access to financial products will push customer acquisition 10X by 2020. With e-commerce shoppers growing significantly over the next few years, companies with paperless technology platforms are well-positioned to leverage the latest trends in consumer technology and help millions of Indians gain access to formal banking and finance products, further enabling financial inclusion for millions of underserved consumers.”
In addition to pushing paperless finance through our products and services, we will be focusing on international expansion as well.
Finally, and most importantly, we would like to thank you, our customers, for making us your go-to destination for all things finance related. This has been possible only because of your trust in us. Once again, many thanks!
If you’d like to be a part of one of our super-awesome teams or if you’re looking for top-notch financial assistance, all you need to do is visit our website.