Client
The client is a Digital Banking-as-a-service (DBaaS) focused fintech, providing payment and banking alternatives to consumers through our platform who lack access to traditionalbanking solutions. They are based in Uttar Pradesh, India.
Scenario
The client had entered into arrangements with few banks to provide basic banking servicesstack. Now it is expanding up on the same stack by moving up on the value chain andproviding other financial services such as delivering credit needs digitally, paymentacceptance through QR and POS, opening of bank account digitally, Prepaid cards,Investments in Mutual funds.
Solution
Wealthbullet arranged a funding of USD 20 million in the form of a convertible loan note, with a term of 60 months.
USD
20 Million
Country
India
Sector
Banking
Sub-sector
Fintech
Deal Type
Project funding
Structure
Convertible Loan Note
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