PaySense offers digital loans with flexible plans and repayment options ranging from 3 to 24 months, delivered via a technology platform that profiles consumers using millions of alternative data points. The company aims to expand its product and engineering capabilities and will use the Series B proceeds to invest in technology and team. Led by co-founder and CEO Prashanth Ranganathan, PaySense serves customers in over 50 Indian cities. The business has disbursed more than 60,000 loans in the past 12 months and employs a team of over 90 people, including engineers, data scientists and product managers. Its platform targets financially underserved consumers by assessing financial behaviors and social interactions to enable digital credit access. PaySense is an Indian fintech startup. The article reports PaySense has raised $5.3 million in a Series A round. The round was led by Jungle Ventures with participation from Naspers Group and Nexus Venture Partners. The article contains no detail on PaySense's core product, business model, operating metrics, or use of proceeds. No future plans, valuation, past rounds, or founding year are provided in the article.

Total raised

$23M

Funding rounds

2

Latest round

Series B

Latest activity

Aug 2018