PaisaDukan raises USD 225K additional funds through angel investment

New Delhi, May 8 (KNN) PaisaDukan.com, a P2P lending marketplace owned by Mumbai based start-up Bigwin Infotech has announced second round of seed funding and secured USD 225K through an angel investment.

Last month, the company had raised USD 650K of seed funding, which makes the total seed investment of USD 875K till date.

This second round of additional seed funding will boost company’s progress and will help in hiring experienced key resources and expand technology workforce, said Rajiv M Ranjan, Founder & CMD of PaisaDukan.

Commenting on the recent funding, he said, “Infusion of additional seed funding has showcased investors’ confidence on our platform, as well as on our operations management and business strategy.”

He added that the company has filed an application for NBFC-P2P in Dec 2017 to go live along with mobile app and is awaiting response from the Reserve Bank of India (RBI) for the same.

“We are also in discussion with couple of VCs who have shown interest for Pre / ‘A’ series funding,” added Ranjan.

PaisaDukan, a marketplace solely owned by BigWin Infotech, an ISO 27001:2013 and ISO 9001:2015 company, operates in the domain of Peer to Peer (P2P) Lending with a view to curb the advent of Financially Excluded India. (KNN Bureau)