GalaxyCard provides instantly approved digital credit cards aimed at customers who are typically rejected by banks, including blue-collar workers and those with monthly income under Rs 30,000. The startup reports customers in over 700 towns and says its customer base is growing 50% per month, with plans to increase it fivefold within four months. GalaxyCard plans to add more types of cards to serve a wider audience and different customer categories based on financial needs. The fresh funding will be used to scale the business and expand the team to enhance customer experience. Leadership positions the company as a tech-enabled lender using proprietary technology to improve credit access in Tier II and rural India, citing the CMIE estimate of ~200 million blue-collar workers as market context.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Jul 2021