Education loans facilitator Credenc receives $25 mn from Capital India
July 19, 2021 @ 10:13 pm By Priyanka Pani Capital India, a financial conglomerate, has invested USD 25 million in a mix of equity & debt in Credenc, a fintech-focused on education loans. With this investment, Credenc is looking to build a loan book of $400 million by 2025. The New Delhi-based Credenc, founded by Avinash Kumar and Mayank Batheja in 2017, works as the digital finance desk for 1000+ colleges across 17 cities in India. S K Narvar, promoter of Capital India, said, “The annual spend on college fees in India is around $50 billion of which organized lenders finance only 5%. Wit...
Source: crowdfundinsider.com