Debt marketplace Recur Club raises $50 million from InfoEdge Ventures, others

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Recur Club, a debt marketplace for startups and small and medium-sized enterprises (SME), has raised $50 million. Of this, the company raised $8 million in equity funding led by InfoEdge Ventures and participation from LC Nueva, Physis Capital, String Ventures, and iA Finvolve.

The remaining $42 million is debt from financial institutions, including Incred, Ugro Capital, Aditya Birla Capital, and Lighthouse Canton.

The firm plans to use the funding to scale its team and enhancing tech offerings such as ‘autopilot’ financing, which enables startups…



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Debt marketplace Recur Club raises $50 million from InfoEdge Ventures, others



Recur Club, a debt marketplace for startups and small and medium-sized enterprises (SME), has raised $50 million. Of this, the company raised $8 million in equity funding led by InfoEdge Ventures and participation from LC Nueva, Physis Capital, String Ventures, and iA Finvolve.

The remaining $42 million is debt from financial institutions, including Incred, Ugro Capital, Aditya Birla Capital, and Lighthouse Canton.

The firm plans to use the funding to scale its team and enhancing tech offerings such as ‘autopilot’ financing, which enables startups…



Source link

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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