weareliferuiner

  • Home
  • TECH
    • APP
    • APP REVIEW
    • GADGETS
    • IOS
    • MAC
    • SMARTPHONE
  • COMMUNICATION
  • LIFESTYLE
    • BEAUTY
    • FAMILY
    • FESTIVAL
    • FITNESS
    • FOOD & DRINK
    • HEALTH
  • MONEY
  • Chocolate
  • PRODUCTIVITY
  • NEWS
  • Contact Us !
Reading: Chennai Angels invests in Finance Buddha
Share
Aa
Aa
weareliferuinerweareliferuiner
Search
  • Home
  • TECH
    • APP
    • APP REVIEW
    • GADGETS
    • IOS
    • MAC
    • SMARTPHONE
  • COMMUNICATION
  • LIFESTYLE
    • BEAUTY
    • FAMILY
    • FESTIVAL
    • FITNESS
    • FOOD & DRINK
    • HEALTH
  • MONEY
  • Chocolate
  • PRODUCTIVITY
  • NEWS
  • Contact Us !
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
weareliferuiner > NEWS > Chennai Angels invests in Finance Buddha
NEWS

Chennai Angels invests in Finance Buddha

sristy
Last updated: 2016/03/02 at 1:20 PM
By sristy 2 Min Read
Share
SHARE
Finance Buddha raised its first round of external funding and is slated to disburse more than <span class='WebRupee'>Rs.</span>1,000 crore loans in the current financial year.

Finance Buddha raised its first round of external funding and is slated to disburse more thanRs.1,000 crore loans in the current financial year.

Chennai: The Chennai Angels (TCA) on Friday said that it has invested an undisclosed amount in Finance Buddha, a financial services firm.

“There have been many start-ups in the fintech space, but what excites me about FinBud is the quality and thinking of the entrepreneurs, which is informed by their extraordinary domain competence and fantastic execution skills. Unlike unidimensional start-ups, this business has scale as well as technology,” said Shankar V, who led the investment from TCA.

Finance Buddha is a three-year-old company for financial service products- personal loans, unsecured business loans, home loans, loans against property and insurance.

“This pre-series A round of funding will be used to further develop our technology platform which will be integrated with various stakeholders in the loan origination, underwriting and disbursal process,” said a statement from the company.

The company, which raised its first round of external funding, is slated to disburse more than Rs.1,000 crore loans in the current financial year.

The financial services firm said it aims to make the entire loan process paperless and one where a customer can get instant approval, without compromising on the underwriting and verification process.

[“source-Livemint”]

TAGGED: angels, Buddha, Chennai, Finance, in, invests
sristy March 2, 2016
Previous Article Tracxn unveils platform to help angels exit start-ups
Next Article Consumer Internet, e-commerce most preferred sectors for start-ups, study says

Latest News

The Truth about Protein
LIFESTYLE
A smartphone is a multipurpose device that includes a handheld computer
SMARTPHONE
Getting to know chocolate consumers at their level
Chocolate
Tempering Chocolate Troubleshooting
Chocolate
Easiest Makeup Techniques for Every Occasion
BEAUTY
Eight Situations That Commonly Cause Family Conflict
FAMILY
Tempering Chocolate Troubleshooting
Chocolate
Mental Health Tips For Family Caregivers Who Are Caring For Elderly Parents
FAMILY

Removed from reading list

Undo

Lost your password?