Source: VCCircle

Eduvanz: Venture capital firm BLinC Advisors backs Eduvanz Financing

Eduvanz Financing Pvt. Ltd, a Mumbai-based startup that provides loans for skill development, has raised $500,000 (Rs 3.21 crore) in an angel round of funding led by venture capital firm BLinC Management Advisors Pvt. Ltd. The company has also secured the Reserve Bank of India's approval to start a non-banking financial company to offer loans, it said in a statement. Eduvanz said it uses proprietary artificial intelligence-based algorithms and predictive analytics to collate financial and socio-economic data to make lending easier. It added that it will use the funds to strengthen its loan appraisal technology and expand [...]

Read full article »

Top Competitors or Alternatives

Missing a competitor? Contribute!

Est. Annual Revenue
Est. Employees
Varun Chopra's photo - Co-Founder & CEO of Eduvanz

Co-Founder & CEO

Varun Chopra

CEO Approval Rating

89/100

Eduvanz is a non-banking financial corporation that provides education and skill development loans for students. Read more