Lending fintech startup Credit Fair raised $10 million as part of its seed funding round led by LC Nueva’s fund–LC Nueva AIF where Capital A, Sattva Family Office, Nitesh Damani of Khel Group and Nikhil Chandra Gupta and existing investors including Anand Ladsariya, Neeraj Goenka and Alok Agarwal with InCred Finance, Vivriti Capital and Caspian Impact also participated.
Credit Fair is a B2B2C lending fintech startup that provides businesses and consumers with customised low-cost lending solutions and unsecured loans. It provides loans ranging from INR 10,000 to INR 20 Lakh for terms ranging from three months to three years. Credit Fair will put the money toward developing technology and improving the customer experience at the point of sale. It will also invest in the launch of its wealthtech platform, Credit Fair Capital. Credit Fair aims to reach 550 million consumers and 5,000 merchant partners through its platform.