Indian lending startup MoneyTap snags $70m from Sequoia, RTP Global, others

Photo: Pixabay

Consumer lending startup MoneyTap Monday said it has raised about $70 million (Rs500 crore) in a Series B funding round led by Aquiline Technology Growth (ATG), RTP Global and Sequoia India, along with a clutch of undisclosed South Korean and Japanese investors.

Existing investors Prime Venture Partners and MegaDelta also participated in the round, the company said in a statement. Debt has been secured from Vivriti Capital, Credit Saison and others in the form of co-lending and credit lines. lines.

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