Mumbai based credit scoring platform CreditVidya has raised $5m in Series B funding led by Matrix Partners. CreditVidya is a startup that analyzes data to get credit scores
Existing investor Kalaari Capital, which had invested $2 million in June 2016, has also participated in the round. While Matrix put in Rs 23.81 crore, Kalaari accounted for the rest. The company will use the money to add a wide range of anti-fraud and verification services to its existing big data underwriting platform, besides improving its AI-based credit underwriting algorithms that use over 10,000 data points for risk assessment, the company said in a press note.