Lentra raised $60 million in fresh funds led by Bessemer Venture Partners and SIG Venture Capital

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Cloud-based lending software provider Lentra raised $60 million in fresh funds led by existing investors Bessemer Venture Partners and the Susquehanna International Group (SIG) Venture Capital where Citi Ventures also participated.

Lentra is a Software-as-a-Service (SaaS) provider that aids banks and credit financial institutions in various aspects of loan servicing, such as know-your-customer (KYC) compliance, servicing, and collections, as well as in further digitising credit disbursals. By March of next year, the company is anticipated to expand into Vietnam, Indonesia, and the Philippines. By the end of 2023, it is anticipated to have a global presence in five non-Indian geographies. Additionally, it will concentrate on making acquisitions to strengthen its data and statistical engines and to add payment processing capabilities to strengthen its stack’s collection capabilities.

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Lentra raised $60 million in fresh funds led by Bessemer Venture Partners and SIG Venture Capital

Cloud-based lending software provider Lentra raised $60 million in fresh funds led by existing investors Bessemer Venture Partners and the Susquehanna International Group (SIG) Venture Capital where Citi Ventures also participated.

Lentra is a Software-as-a-Service (SaaS) provider that aids banks and credit financial institutions in various aspects of loan servicing, such as know-your-customer (KYC) compliance, servicing, and collections, as well as in further digitising credit disbursals. By March of next year, the company is anticipated to expand into Vietnam, Indonesia, and the Philippines. By the end of 2023, it is anticipated to have a global presence in five non-Indian geographies. Additionally, it will concentrate on making acquisitions to strengthen its data and statistical engines and to add payment processing capabilities to strengthen its stack’s collection capabilities.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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