Lightspeed, Accel lead $18.5 mn seed round in fintech start-up Uni

In one of the largest seed rounds in the country, VC firms Lightspeed India and Accel Partners have led a funding round of $18.5 million in fintech start-up Uni, which is currently in stealth mode.

Founded by Nitin Gupta, former CEO of PayU India and Ola Financial Services, Uni aims to bridge the gap for credit cards and make them become more accessible for consumers across different regions. 

“Over the last five years, we have witnessed a three times acceleration of digital and electronic payment platforms, however, the share of credit card payments has fallen drastically. There is an opportunity to expand