Indian fintech startup Credit Fair raises $10 million in seed round

Oluwajuwonlo Afolabi -

Credit Fair, a fintech startup based in India has raised $10 million in its seed round funding, in a mixture of debt and equity financing led by LC Nueva AIF.

  • The fund will be used to improve its technology stack and customer experience at the point of sale, as well as launch its wealthtech platform: Credit Fair Capital.
  • Founded in 2018, Credit Fair provides customized low-cost lending solutions and unsecured loans to businesses and consumers in India.
  • The fintech has partnered with 1,000 merchants in offering financial solutions including upGrad, Nova, IVF, Design Cafe, Scaler, PristynCare and others, it claims.
  • Capital A, Sattva Family Office, Nitesh Damani and Nikhil Chandra Gupta and existing investors: Anand Ladsariya, Neeraj Goenka, and Alok Agarwal invested in the latest round, bringing Credit Fair to $25 million raised since launch.