Indian fintech sector has seen many startups raising new funding recently and keeping the trend, NIRA, a Bengaluru based fintech startup has raised $1 Million in seed funding from angel investors in UK and India.
The startup was founded by Nupur Gupta and Rohit Sen in 2017. NIRA is providing and helping individuals with instant small value loans who have limited access to traditional modes of finance. It mainly provides instant loan of Rs 1 lakh for 1 year term.
The new funds will be used to accelerate growth, expand its core team and boost its technology.
As per NIRA's website, it has partnered with Federal Bank for providing instant loans and one can easily get instant loan of Rs 1 lakh in just 3 minutes by uploading documents on either mobile app or web.
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| Image source: https://www.facebook.com/nirafinance |
The startup was founded by Nupur Gupta and Rohit Sen in 2017. NIRA is providing and helping individuals with instant small value loans who have limited access to traditional modes of finance. It mainly provides instant loan of Rs 1 lakh for 1 year term.
The new funds will be used to accelerate growth, expand its core team and boost its technology.
As per NIRA's website, it has partnered with Federal Bank for providing instant loans and one can easily get instant loan of Rs 1 lakh in just 3 minutes by uploading documents on either mobile app or web.
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