Avail Finance raised Rs 24Cr from Alteria Capital

● What is in the news?

▪︎Blue collar-focused lending startup, Avail Finance has raised Rs 24 crore~$11.5 million in a Series B funding round from Alphawave Incubation Fund and Matrix Partners.

▪︎To date, the startup has raised $21.6 million in equity from Matrix Partners, Falcon Edge, and Ola.

● More about Avail Finance

▪︎Fintech startup Avail Finance caters to various financial needs of the customer through sachetise offerings in credit, savings, and insurance

▪︎Founded in 2017 by Ankush Aggarwal and Tushar Mehndiratta, fintech startup Avail Finance is focused on the gig economy segment. 

▪︎This Binny Bansal-backed startup has grown from a lending platform to the blue-collar workforce to now a neo-bank with products in various categories, including savings, insurance, investment products, etc.

▪︎ It plays an important role in improving the financial health of a segment, which is playing a critical role in serving the Indian population.

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