Fintech start-up Credit Fair raises $10 million in debt and equity

Founded in 2018, the company aims to drive financial inclusion by offering customised lending solutions to under-served business and consumer segments

Credit Fair, a credit fintech start-up, on Wednesday has raised $10 million in debt and equity as part of its seed extension round, led by LC Nueva Investment Partners through their leading early-stage venture capital fund, LC Nueva Alternative Investment Fund (AIF).

The investment round also saw participation from venture capital fund Capital A, Sattva Family Office, Nitesh Damani of Khel Group and Nikhil Chandra Gupta, apart from existing investors such as Anand Ladsariya, Neeraj Goenka and Alok Agarwal. InCred Finance, Vivriti Capital and Caspian Impact have provided debt capital.

According to Credit Fair, the start-up will utilise the funds to augment