chqbook raises funding

Gurgaon-based Chqbook Raises Funding from Startup Buddy, Others

chqbook raises funding

02 October 2017, India:

Gurgaon-based fintech startup Chqbook which allows customers to explore, compare, book and get personal finance products such as home loans, personal loans and credit cards has raised undisclosed funds from YouWeCan-backed Startup Buddy, Apurva Chamaria, global head of corporate marketing at HCL, Sachin Arora, ex-CTO at Myntra, Bharat Gupta, founder of Net Asset Consulting LLP, and others.

“Financial products are quite complex and diverse and our model aims to provide complete and honest advise and support to retail consumers to take best decisions for their key financial needs. Currently, we provide only home loan on our platform and will be adding personal loans and credit cards shortly,” said Vipul Sharma, co-founder of Chqbook.

Founded in 2017, Chqbook currently operates in four major cities and claims to have over 400 plus experts on its platform. The fresh funds will be utilized to expand to over 50 cities, and expand further into credit cards and personal loan services.

Chqbook is a marketplace for financial products — that brings suppliers (banks and NBFC’s), distributors (Chqbook experts) and customers onto a single platform — both online and offline as per the report by ET.

Yet another fintech platform, Lendingkart brought on board the new investor- Sistema Asia Fund and is raised Series C round of funding of approximately $50 to $80 Million last month. Lendingkart claims to have disbursed over 12,000 loans to more than 9,500 SMEs across 23 diverse sectors. It aims to make working capital finance available at the fingertips of entrepreneurs so that they can focus on business instead of worrying about the gaps in their cash-flows.

Also Read: Digital Lending Startup CrediFiable Raises Funding from Kae Capital