Bestdealfinance raises $3 mn in series A

Company wants to use proceeds to invest in technology infrastructure and customer support

Bestdealfinance.com announced that it has raised $3 mn in series A funding. The round was led by Kalaari Capital with participation from YourNest Angel Fund, Globvestor & Dexter Angel Circle.

The company, officials said, will use the money to invest in technology infrastructure and customer support.

Bestdealfinance is a financial services portal that addresses loan needs of individuals and MSMEs.

"Our business model is disbursement focused. Our algorithm helps customers choose the best loan deal and our integration with bank systems enabling a fast and hassle free process," said Manavjeet Singh, CEO and founder.

Bestdealfinance.com has partnership with over 40 financial institutions. The company was started by Singh and Sandeep Nambiar in February 2015.