Fintech startup Uni has raised $70 million in Series A funding round from investors including General Catalyst, Eight Roads Ventures, Elevation Capital, Arbor Ventures, and existing investors Lightspeed and Accel.
After the raise, the startup hit a valuation of $350 million, its CEO and Founder Nitin Gupta told YourStory.
He added that Uni Cards expects to use the fresh capital to launch new products in the payments-backed lending space — four of which will be unveiled next month — as well as hire across roles. The current team size is 100, and the startup hopes to double it by next year.
