Fin-tech startup Datasigns raises angel funding
Financial-technology startup Datasigns Technologies Pvt. Ltd has raised an undisclosed amount in angel funding from V. Bunty Bohra, CEO of Goldman Sachs Services India, and former JP Morgan and UBS executive Sanjai Vohra.
Bohra invested in his personal capacity, the mobile-first startup said in a statement on Monday.
Its mobile application, Shubhloans, helps borrowers generate proprietary individual credit score using traditional and secondary data points. Datasigns' lending partners use this credit score for lending.
Datasigns was founded by Monish Anand, a former executive at communications services company BT and Infosys; Anand Barua, a former banker with Citigroup, Standard Chartered and ANZ Grindlays Bank; Rahul Sekar, a former Goldman Sachs executive; Mudit Tyagi, CEO and founder of application development company Confiserve.com; and Tushar Patel, ex-COO of investment management division of Goldman Sachs in India.
"Everyone deserves access to the right amount of credit; and this is exactly what we strive to do through our mobile-first platform Shubhloans," said Barua in the statement.
Datasigns joins several fin-tech startups in raising funds. This week, cash-flow management startup numberz.in raised seed funding of $650,000 (Rs 4.4 crore) from Kae Capital and Khosla Impact.
Last month, InMotion Media Ventures Pvt. Ltd received funding from online drug marketplace 1mg's founders Prashant Tandon and Gaurav Agarwal.
Bengaluru-based Scripbox.com India Pvt. Ltd raised $2.4 million in its Series A funding from Accel Partners and a group of angel investors. New Delhi-based IndiaLends raised a pre-Series A round led by DSG Consumer Partners and angel investors including Siddharth Parekh.
Mumbai-based InfoCredit Services Pvt Ltd, which operates credit scoring platform CreditVidya, had raised $2 million in a Series A round from Kalaari Capital in June.