The funds will be used to grow the loan book, invest in technology, expand geographically and further the vision of enabling financial inclusion at scale
Eduvanz intends to bridge the gap between the immense learning opportunities available for students and professionals vis-a-vis the lack of financial resources to avail the courses within their budget
The company will use the fund to expand its team and launch its super-card, along with empowering a million small businesses in India by the end of 2022
The fresh fund will be used for strengthening the technology capabilities and expanding the suite of financial services being offered to be a single point platform for micro MSMEs
The apex bank proposed to allow interoperability in card-less cash withdrawal transactions at all banks and ATMs in its monetary policy review meeting held in April