Digital lender The Money Club attracts $2.5 M led by Prudent Investment Managers

Noida-based fintech startup The Money Club has attracted USD 2.5 million (INR 21.1 crore) in a Series A funding round led by Prudent Investment Managers, with participation from existing investors Venture Catalysts, LetsVenture, Z21 and Supermorepheus.The startup plans to use the fresh capital to extend financial support to underserved populations.Founded in 2018 by Manuraj Jain, The Money Club is a digital platform that provides users on-demand loans without paperwork. It offers small amounts, in the range of INR 15,000 to INR 20,000 within six hours.