Fintech, India, USD 20 Million

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Fintech - India

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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