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Indian fintech firm Recur Club nets $50m for AI debt platform
Recur Club, a fintech firm based in India, has raised US$50 million to expand its AI-native debt marketplace for startups and SMEs.
The funding includes US$8 million in equity from InfoEdge Ventures, LC Nueva, Physis Capital, String Ventures, and Finvolveia, along with US$42 million in committed debt allocation from Incred, Ugro Capital, and Lighthouse Canton.
Founded in 2019, Recur Club connects companies seeking debt financing with over 100 institutional lenders on its platform.
The company said the new investment will be used for product expansion, technology investment, and reaching more Tier II and Tier III markets in India.
🔗 Source: YourStory
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