Private Equity Angel Investments
Fintech startup Microfinance.ai raises $200-K from We Founder Circle, others
Source Investor Disclosure (opens in a new tab) Free Press Journal (opens in a new tab)
New Delhi-based microfinance.ai, an AI-powered mobile platform featuring simple-to-use customer onboarding, screening and product management tools, has raised USD 200,000 from We Founder Circle (WFC). The round saw participation by other investors including FAAD Network, Gujarat University Start-up and Entrepreneurship Council (GUSEC), Saurabh Aggarwal (co-founder, Fitso), Ankit Prasad (founder & CEO, Bobble AI), and 10+ angel investors.
The startup, run by Uthaan Technologies Pvt Ltd, will use the funds in backend technology development and talent acquisition. It targets to reach 1 lakh users.