VC Fund Investments
Fintech startup Tortoise raises $2.3-M led by Vertex Ventures
Bengaluru-based Fintech startup Tortoise has raised USD 2.3 million in a seed funding round led by Vertex Ventures. Better Capital, Cloud Capital, and angel investors including Kunal Shah, founder of Cred; Neeraj Arora, former chief business officer of Whatsapp; Ankur Nagpal, founder of edtech firm Teachable; and Ganesh Rengaswamy, cofounder of Quona Capital also participated in the round. The startup plans to partner with more brands and merchants to provide wider options for customers to save up and make ‘save now, buy later' a viable option. The fintech firm allows users to save up for large purchases. Tortoise offers weekly and monthly savings plans ranging from a few months to a year. Users can make little deposits over several weeks or months and then reap the benefits all at once. This is Tortoise's second round of funding in the last 12 months. The startup has raised a total of $3 million to date.
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