Qbera, India's leading digital lending platforms, has raised funds worth USD 3 million in a round led by E-City Ventures.
Qbera aims to utilize the latest capital infusion towards ramping up its technology and analytics capabilities, along with expansion of its team across functions, scaling its business and increasing its geographical presence to more parts of the country.
"We are thankful to the entire team at E-City Ventures, whose faith in our vision will undoubtedly help us in collectively achieving our goals, especially as an integral part of the financial services ecosystem which they are building," said founder and CEO, Qbera, Aditya Kumar.
"This will enable us to further accelerate our business operations and set the stage for Qbera to establish itself as a leader in the digital lending sector for consumers in time to come," added Kumar.
"We are very excited about our investment in Qbera and believe that it shall adequately serve customers, currently relying upon inefficient and expensive means of financing, through its lending partners. This investment shall be a stepping stone for the formation of E-City's financial services platform which it intends to build in the coming years," said MD E-City Ventures, Atul Goel.
Qbera is a Bangalore-based digital lending platform offering quick, hassle-free personal loans to people through its platform. The company offers a variety of loan products targeted towards salaried individuals working for over 7,00,000 companies, such as personal loans, credit card refinancing loans, education loans, medical loans, and travel loans, among others.
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