P2P lending platform Finzy raises $2-M in bridge funding

Finzy, a Mumbai-based P2P lending platform, has raised USD 2 million from existing investors as a bridge round ahead of a proposed USD 10 million Series A round. The company will use the funding to strengthen its technology and enhance product offerings. Launched in June 2017, Finzy offers unsecured loans with interest rates starting at 7.99%. In 2018, it raised USD 2.3 million in pre-series A funding from a clutch of senior professionals from the BFSI industry.