Kissht is an Indian consumer lending fintech startup. It announced it has raised $80 million as part of a fresh funding round. The round was led by Vertex Growth and the Brunei Investment Agency. The company is entering the credit-backed card segment. The article does not provide operating metrics, deal terms, or additional investor names. No other financial details or past rounds are mentioned in the report. Kissht, operated by OnEMi Technology Solutions, provides instant lines of credit for small-business transactions and small-ticket personal loans using its proprietary data analytics 'Kissht score'. The company was founded in 2015 by Krishnan Vishwanathan and Ranvir Singh. Kissht plans to use new funding to deepen its presence across India, expand product offerings including credit cards for small-business shop owners, and improve underwriting using AI and machine learning to extend credit to first-time users. It targets transaction-linked credit volume of Rs 10,000 crore by 2022-23 and aims to serve 10 million unique borrowers. For 2021-22 (FY22) the company expects overall revenue to top Rs 500 crore and a profit before tax of Rs 50 crore. Kissht is an Indian digital lending platform. The company announced a $30 million Series C round. The round was led by Vertex Ventures SEA and India and Sistema Asia Fund. The article did not disclose additional investors or financing instruments beyond the Series C. No operating metrics, revenue, user counts, founding year or future plans were provided in the announcement. The reporting was based on an announcement from the company. Kissht is a digital lending platform. It operates in India. According to the article, the company has raised $10 million in a funding round. The round was led by Fosun RZ Capital with participation from Prophet Capital, Beijing and existing investors Ventureast and Endiya Partners. The article does not provide further details on product features, growth metrics, future plans, or use of proceeds. Kissht offers collateral-free consumer loans to finance purchases such as mobiles, laptops, jewellery and electronics. The company currently originates loans through its captive NBFC, using that vehicle as a proof-of-concept to innovate on consumer loan disbursements. KYC is performed by linking customers' Aadhaar numbers on the app and validating via an OTP sent to the customer's mobile. Kissht is targeting at least 200 million urban Indians seeking small-ticket loans and competes with providers including Quicklo and Faircent. CEO Krishnan Vishwanathan said the company intends to become a data and analytics company enabling consumers to get loans from banks and NBFCs that partner with Kissht. Founded in 2015, the company has raised a total of $2.7M and is scouting for Series B funding.

Total raised

$135M

Funding rounds

5

Latest round

Equity

Latest activity

Jun 2022