Fintech for digital lending EarlySalary has received $110 million (about Rs 878.8 crore) from investors, with Norwest Venture Partners and TPG’s Rise Fund serving as the co-leads.
The Pune-based company stated that it intended to utilize the investment to expand the breadth of its buy-now-pay-later (BNPL) business, expand its footprint to 150 locations, and accelerate the growth of its loan book.
An existing EarlySalary investor also participated in the round.EarlySalary had closed a $100 million fund raise from TPG and Norwest, according to an ET story from August 12.
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