BNPL fintech startup Paytail has raised $1.5 million from Cholamandalam and other marquee angel investors as part of its seed round. Chola’s entry will further strengthen the capital supply on the platform, which is a key ingredient required to scale up the BNPL fintech business.
Paytail plans to utilise the funding to enhance its product and build a strong team to transform the experience of offline buyers and sellers, as well achieve 10x-15x growth rate in monthly transactions in the next 12 months.
