Previously, the project had managed to get a large amount of funding from market participants.
Fintech startup India Uni, whose team creates cards to buy goods and services in installments, raised $70 million in a series-A funding round. Write about this TechCrunch.
- The startup investment round was led by General Catalyst. This project has also successfully secured funding from Eight Roads Ventures, Elevation Capital, Arbor Ventures, Lightspeed and Accel.
- Against the backdrop of the completion of the investment round, the valuation of Indian fintech startups, according to the publication, reached $ 350 million.
- Developer Union plans to use the funds to implement expansion plans in the South Asian market.
- Uni was launched in 2020. As part of the project, the developer has created a payment card with an installment program. With their help, the user can divide the payment into 3 parts, which are distributed automatically by the system for 3 months. The job of a startup is to attract as many people as possible to the mortgage service market. For this purpose, the developer has left the collection of commissions for users who pay the full amount on time.
- The project representative did not share information about the number of viewers. At the same time, the developers say that the turnover of the platform reaches $ 23 million per month.
- Previously, the Union team had succeeded in raising funds. In October 2020, the developer received $18.5 million in an investment round led by Accel and Lightspeed India Partners.
We will remind, earlier on the network there was information that scammers used the Indian Prime Minister’s Twitter to promote crypto scams.