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.

https://www.vccircle.com/credit-scoring-platform-creditvidya-bags-5-mn-from-matrix-kalaari/