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Mumbai based consumer credit Platform Paysense has raised $5.3m in Series A funding led by Jungle Ventures. Focusing on consumer lending, PaySense is a technology and data science company that gives loans and credit options in the range of Rs 5,000 to Rs 1 lakh.
“Our mandate is to look into every aspect of the product, be it recommendation, better underwriting, or collection. And when we talk about product development, we think about how we can source our consumers in a more efficient and technology-driven way.” In 2015, the company had raised $2.3 million led by Nexus Venture Partners and prominent global angels.
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