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 [...]

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Varun Chopra's photo - Co-Founder & CEO of Eduvanz

Co-Founder & CEO

Varun Chopra

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