[Funding alert] Digital lending start-up Kudos raises pre-Series A round with renowned investors and fintech founders
Kudos digital loan startup recently raised a amount not disclosed in pre-series A financing renowned fintech founders and super angels to lead the country’s best minds to build its comprehensive vision of enabling digital lending to reach millions of Indians across all segments and geographies.
The investor group includes Nithin Kamath of, UNI’s Nitin Gupta, Patanjali Somayaji from Walnut, Maniyar summit of , Nischal Shetty from , Anish Achuthan from Banking, Ganesh Rao from NOCP, Amit Choudhary from DawaaDost, the One Card management team, and Better Capital’s Vaibhav Domkundwar.
Kudos’ digital lending infrastructure includes everything from capital, regulatory compliance, digital KYC, disbursements, collections, reconciliation, and all other aspects required for a frictionless digital lending.
The Pune-based startup enables hundreds of use cases and enables its partners to build custom lending solutions for their users with its lending APIs.
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“We are profitable and growing month by month and adding partners in agri, fintech, edtech, revenue-based finance and other segments faster than ever. space over the next 18 months, ”said Pavitra Walvekar, co-founder and CEO, Kudos.
India’s fintech revolution is still in its infancy, and as Jio-fueled digitization reaches users and businesses across industries and geographies, the opportunity to meet the dire need for credit is emerging. more real than ever.
“Kudos is looking at one of the most exciting opportunities in Indian fintech. Its traction and monthly growth – without having raised institutional capital – is a testament to its PMF and the huge opportunity to fuel digital lending in India. I am delighted to be a part of this journey from scratch and to collaborate with Pavitra, Naresh and the team as they build the ‘Stipe of Lending’ for India, ”said Better Capital’s Vaibhav Domkundwar.
So far, Kudos has facilitated two million loans, disbursing Rs 2,000 crore to around 6,000,000 clients in 2,100 cities. By processing a loan every 4.5 seconds, Kudos booked, processed and activated 20,000 loans per day at its peak.