India based digital lending and card management platform raised $1m in pre-seed funding led by Eximius Ventures.
“As per an RBI report, 65% of the credit card penetration is present in tier I cities. However, the penetration in Tier II and III cities has been significantly lower."
https://fintech.global/2023/08/17/vegapays-fintech-platform-nabs-1-1m-in-pre-seed-round/