Ola which is a ride-hailing startup, has now invested in Avail Finance as a part of the online lender Series A funding round.
As a part of the investment deal, the two companies will also jointly build the financial solutions for the cab aggregator driver partners, according to the report which has been revealed.
Avail Finance, which is operated by the Bangalore based Goddard Technical Solutions Pvt Ltd as of now has not disclosed the amount which it has raises by the Ola.
Avail Finance plans to build customized financial solutions such as the micro-insurance and micro-saving products for the Ola diver’s partners.
“We already have close to a million registered users through our various offerings and have processed requests of over $50 million,” he said.
Avail Finance which was founded by the Tushar Mehndiratta and Aggarwal in the year 2017. It had also secured angle funding of around $200000 from the Bhaviash Aggarwal the same year. It also provides it services to Ola workers. It also has a partnership with the Quess Corp, Ecom Express and Swiggy to provide its services.
Source: Avail Finance