Private Equity

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Loan collections enabler Trueboard raises $2.7 M

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TruBoard Partners, a Mumbai-based asset monitoring and loan collections platform, has raised USD 2.7 million. The startup plans to use the capital to strengthen its delivery model, and increase its footprint across 40 cities in India. TruBoard offers asset and loan monitoring services to global and Indian banks, NBFCs, AIFs and other financial institutions. It helps lenders reduce their non-performing assets and improve credit quality. The startup has 100-plus employees and is present in 19 locations across India.