Dues collection enabler Recordent raises $400-K

Hyderabad-based Recordent, a fintech startup in the non-banking payment bureau sector, has raised USD 400,000 in angel funding from the Family Office of Kantamaneni and IIM-Calcutta Innovation Park and other angel investors from India and the US. It will use the funds for the development of its technology platform and customer acquisition. Recordent claims to have over 11,000 businesses on board, 50,000+ customer dues, and over INR 2,500 crore of dues submitted by registered members.