Lentra secures $60 million in funding

Lentra, a supplier of cloud-based lending software, has raised $60 million in new capital with the help of previous backers Bessemer Venture Partners and Susquehanna International Group (SIG) Venture Capital.

Citi Ventures also took part in the round.

The money would be used by the business to increase its presence in other markets, make acquisitions, and improve its products.

By March of next year, the Pune-based company is anticipated to expand into Vietnam, Indonesia, and the Philippines. By the end of 2023, it is anticipated to have a global footprint in five non-Indian regions.