Basix fintech raises Rs 220 mn in series-B funding from existing investors

BASIX Sub-K iTransactions Limited, a Hyderabad-based fintech company focused on financial inclusion, has raised Rs 220 million through a second round of funding from its existing investors.

Sub-K had originally closed a first tranche fund raise of Rs 350 million in March 2018, taking the cumulative series B round to Rs 570 million, according to the company.

Sub-K currently provides affordable financial services, including loans, basic banking services, and payment to more than 2.2 million customers across India. The company has built an extensive network of field branches and business correspondent agents, supported by technology infrastructure developed in house. 

"Thanks to our current