Centricity raises Series A funding led by SMBC Asia Rising Fund
The funding round also saw participation from existing investors including Lightspeed India Partners and Burman Family Office, among others.
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The funding round also saw participation from existing investors including Lightspeed India Partners and Burman Family Office, among others.
The investments come after all three companies raised fresh capital or hit key business milestones over the past year.
The Bengaluru-based startup will use the fresh capital to expand into other areas of financial services such as insurance distribution, UPI payments, and business loans.
A new wave of global capital is flowing into Indian banks. Deals led by DBS, Emirates NBD, and SMBC signal a shift in how foreign lenders are choosing to participate in the country's financial system.
The funding round also saw participation from India Quotient, Sinarmas Group, and several other investors.
The latest round brings the total capital infusion into the company to over $100 million in equity and debt financing.