Invoice discounting marketplace KredX has raised about INR 40 Crore in series-A funding led by Sequoia Capital India along with existing backer, early stage investment firm Prime Venture Partners. The Bengaluru-based startup has built a technology marketplace, where it connects small and medium enterprises (SMEs) with investors who are willing to buy these unpaid receivables to help them with their working capital cycles.


Early stage fund India Quotient has invested $500,000 in Mumbai-based fintech lending startup CreditMate, which uses data-driven algorithms to lend against purchase of used two-wheelers. The platform, which has tied up with over 25 dealers in Mumbai, enables the users to enter the bike of their choice and their monthly income to determine their monthly EMI and loan repayment time.


Amsterdam-headquartered fintech investment firm Orange Growth Capital which has a $150 million global fund, is focused on investments in Asia, Europe, Middle East and Africa. The ticket size of Orange Growth Capital’s investments in India would be in the range of $1-5 million.The VC firm would focus on segments such as lending, mobile payment and wealth management solutions while choosing startups in India.