Lending tech startup ePayLater has raised Rs18 Cr from Pravega Ventures and from internal investors. This recent influx will be utilized to make further inroads in the B2B and SME lending market, with a focus on the retail segment.
The startup provides buy now pay later (BNPL) products for consumers and lending products for businesses. The startup claims to have disbursed close to Rs670 Cr in the last 3 years in the food and groceries retail segment alone. ePayLater also
It witnessed low delinquency rates for repayments post-Covid to a record low, as many sectors take slow steps towards recovery.