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Fintech Startup SmartCoin Bags INR 80 Cr In Debt Funding From Northern Arc & Others inc42.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from inc42.com Daily Mail and Mail on Sunday newspapers.
Rohit Garg, Amit Chandel, Vinay Kumar Singh, and Jayant Upadhyay. It has raised a total of $9.5 million so far from LGT Lightstone Aspada, Unicorn Ventures, and Accion Venture among others. The key focus of the startup is to enable credit to the underserved sections. These include blue-collar workers, small businessmen, young professionals etc. Here lay the dilemma for SmartCoin as it was not just reaching out to its targeted audience but, given the muted economic environment, it had to also ensure that the money lent would be received back in time. Added to this, the government also announced a moratorium on the repayment of loans. ....