Paysense raises $ 5.3 mn from Jungle, Naspers

It offers credit to buy goods based on individual profile, which can be repaid in easy instalments

Paysense, a tech-driven loan distributor, has raised $5.3 million in a round of funding led by Jungle Ventures

South African internet investor Naspers, who has backed Flipkart and Nexus Ventures also participated in the Series A funding, the company said in a statement.

The two-year-old firm calls itself as a technology and data science company. The firm has a product that offers credit to buy goods based on individual profile, which can be repaid in easy instalments.At present, it has a tie-up with non-bank lender IIFL for distributing its loans.

"Giving credit to folks who already have history is easy, our mission is