India-based fintech lending startup StrideOne secures $32 million

India-based fintech lending startup StrideOne secures $32 million
Photo by Konstantin Evdokimov / Unsplash

StrideOne, a fintech lending platform based in India has secured $32 million in its new funding round led by Elevar Equity.

  • The funds will be used to build out its products to facilitate credit and non-credit needs for startups and MSMEs.
  • StrideOne is a financial service providing firm, offering a loan distribution mechanism in India.
  • The firm has acquired EzCred, a tech company to improve its tech-driven acquisitions in 2022.
  • The new investment comes in equity from Elevar Equity and debt from top Indian brands.