INSUBCONTINENT EXCLUSIVE:
MyMoneyMantra, a 30-year-old New Delhi-based firm that operates a marketplace of financial services, has raised $15 million in its maiden
funding round from an external source to expand its offerings and reach in the nation.Dutch investment firm IFSD BV and private equity firm
Vaalon Capital funded the $15 million round in MyMoneyMantra, the Indian firm said on Wednesday
MyMoneyMantra, which employs about 2,500 employees and serves over 4 million customers across 50 cities, will use the capital to explore
deepen its ties with banks and insurance companies
In the financial year that ended in March, MyMoneyMantra generated a revenue of $19.6 million.MyMoneyMantra works with over 90 banks,
non-bank lenders and insurance companies to help customers get deals on loans and credit cards
first time after the Indian government banned some paper bills
like Paytm and Ola have launched their own credit cards.
