Avail Finance raises Rs 86 cr in Series B funding round from Alphawave, Matrix

Avail Finance, a blue collar-focused lending startup has raised Rs 85.6 crore in a Series B funding from Alphawave Incubation Fund and Matrix Partners.

Avail Finance caters to India’s blue-collared workforce, who are currently underserved by organized lending institutions.To provide financial products to their workers, it partnered with blue-collar workforces of service aggregators such as Ola, Swiggy, Ecom Express, Quess Corp. As of January 2020, the platform claims to have cumulatively disbursed loans of over Rs 250 crore to one million customers.

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