December 6

Housing Finance Company Altum Credo Raises $12 Million in Funding in India

Housing finance company, Altum Credo, on Monday said it has raised 88 crore, or roughly $12 million, in fresh equity funding led by growth fund Amicus Capital.

Existing investors Aavishkaar Capital and PS Pai & family, also participated in the investment round.

According to the company it will use the proceeds from the current fund raise to strengthen its technology platform and scale the business. The company aims to enhance usage of technology across various aspects of operations including origination, assessment and monitoring of loans as it shifts towards further digitising processes.

Photo courtesy of Photo by dany13 via Flickr.


Source: Live Mint (link opens in a new window)

Finance, Investing
housing, impact investing