Flexmoney, a Mumbai-based full-lifecycle digital credit network platform for lenders and merchants, has raised $4.8 million in its Series A funding.
The funding round was led by Pravega Ventures and also saw participation from Silicon Valley-based Z5 Capital and several marquee individual investors.
Flexmoney said it aims to use the funds to scale its credit network footprint to many more lenders and merchants, as well as launch multiple additional products and consolidate its position as the leading digital credit and BNPL infrastructure in India.
