Avanti Finance raises $15 million in Series A extension
- Avanti is a digital platform that facilitates a paperless, presence-less, and cashless approach to lending aimed towards reducing costs and friction for unserved and underserved segments, especially in rural India
BENGALURU: Technology-led non banking finance company (NBFC) Avanti Finance on Thursday said it has raised $ 15 million (around ₹111 crore) as part of its Series A extended round from existing investors Oikocredit, Nomura, The Bill & Melinda Gates Foundation, and Dr. K R Shroff Foundation.
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