Private Equity

VC Fund Investments

Low-cost loans provider Credit Fair raises $10-M from LC Nueva AIF, others

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Credit Fair, a Mumbai-based fintech startup, has raised USD 10 million as part of its seed round, which is a mix of debt and equity, led by LC Nueva's fund–LC Nueva AIF. Capital A, Sattva Family Office, Nitesh Damani of Khel Group and Nikhil Chandra Gupta and existing investors Anand Ladsariya, Neeraj Goenka and Alok Agarwal also participated in the funding round. With this fundraise, Credit Fair has raised USD 25 million to date. Credit Fair will use the funds to develop technology and enhance customer experience at the point-of-sale. It will also deploy funds to launch its wealthtech platform: Credit Fair Capital. Founded in 2018, Credit Fair offers customised low-cost unsecured loans ranging from INR 10K to INR 20 Lakh to businesses and consumers. It claims to have partnered with more than 1,000 merchants including upGrad, Nova IVF, Design Cafe, Scaler, PristynCare, and Hero Electric.