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South Korea based payments app for underbanked consumers in India raised $28m in Series D funding from SoftBank Ventures Asia, Naver, BonAngels, Daesung Private Equity, and Shinhan Capital.
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“Before the coronavirus, our business was growing very fast,” said Lee. “The coronavirus and moratorium (enforced by the nation’s central bank) hit us. We utilized this time to improve our collection process and other aspects of the business.”
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