VC Fund Investments
Credit network platform Flexmoney raises $4.8-M from Pravega Ventures, others
Mumbai-based ‘buy-now, pay-later' platform Flexmoney has raised USD 4.8 million in a Series A funding round led by Pravega Ventures, with participation from Silicon Valley-based Z5 Capital. Ben Davey, former group head of strategy, Barclays Bank, and CEO, Barclays Ventures, Mike Smith, former chief product & technology officer, Barclays Ventures, and others also participated in the round. Flexmoney plans to use the funds to scale its credit network footprint to more lenders and merchants, as well as launch multiple additional products. Its digital credit platform provides a ‘plug and play' proposition for lenders and merchants to offer options for instant checkout finance to their customers.
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