Fintech platform CheQ raises $10m and other India deals

Business-to-consumer (B2C) credit management platform CheQ has raised $10 million in its seed funding round led by Venture Highway and 3one4 Capital, per a company statement.

Multiply Ventures, Marshot Ventures, and Veda VC also joined the round.

CheQ will use the funds for building its team, upcoming product launch and investment in technologies.

“We are developing a customer-first platform, which focuses on improving the credit health of customers by making it easier for customers to track, manage, and pay all their credit payments in one platform,” said CheQ CEO and founder Aditya Soni.

Founded in 2022 by Aditya Soni, CheQ currently has a team of 30 people and plans to hire up to 70 more people by the end of the year.

INDIA DEAL MONITOR

Here are the prominent venture capital transactions in India announced from June 27-30, 2022.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter