Debt financing
Pay-later cards provider Uni raises Rs.50-Cr from Stride Ventures
Venture debt firm Stride Ventures has invested INR 50 crore in Uni, a Bengaluru-based fintech company. Founded in 2020, Uni launched its flagship product, Uni Pay 1/3rd Card, in June 2021. The card automatically splits every transaction into three parts to be paid over three months for no extra charges. Uni claims to be present in over 130 cities across India, including Delhi, Mumbai, Hyderabad, Bengaluru, Pune, Chennai, Kolkata, Ahmedabad, Lucknow, and Jaipur.
From the Venture Intelligence PE-VC Deal Database: Between Aug 2020 and Dec 2021, Uni Cards had raised USD 90 M from General Catalyst Partners, Lightspeed Ventures, Eight Roads Ventures and others (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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