Fintech Startup WeRize Secures $15.5 Mn To Offer Bespoke Products To Underserved Consumers

Fintech Startup WeRize Secures $15.5 Mn To Offer Bespoke Products To Underserved Consumers

SUMMARY

WeRize will use the fresh funds to develop its tech infrastructure, build financial products and onboard freelancers on its platform

Adding this fundraising, WeRize has raised a total of $25.75 Mn investment so far

WeRize offers bespoke credit, savings and group insurance products on its social distribution platform to 300 Mn underserved customers across 4000 small cities of India

Fintech startup WeRize has raised $15.5 Mn (INR 120 Cr) through equity financing in its Pre-Series B funding round. 

The round saw participation from new investors – British International Investment, which was formerly known as CDC group, and Sony Innovation Fund along with existing investors including 3one4 Capital, Kalaari Capital, Picus Capital and Orios Venture Partners. 

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