Jai Kisan, a financial technology startup that is widening access to financial services in rural communities in India, has raised $50 million in its new funding round, in a mixture of equity and debt financing.
- The fund will be used to scale its product suite and improve customer experience in its operations, the startup claims.
- Jai Kisan is a rural-focused neobank operating in India, with its app (Bharat Khata) offering solutions to rural businesses and individual financial needs using curated credit products.
- The startup aims to digitize savings, insurance, and payments for users and has recorded a 400% customer growth in three months.
- GMO Venture Partners, Yara Growth Ventures, DG Daiwa Ventures, Blume, Arkam Ventures, Mirae Asset, and Snow Leopard Ventures participated in the round.