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PayMe India Secures Pre-Series A Angel Funding

The endowment was led from Singapore and Dubai, along with India as the co-founders have also invested in this round of funding.

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PayMe India, Noida based fin-tech startup, is an emanating cash partner assiduously offering loans to employees. It has successfully raised an undisclosed amount of pre-series A angel funding, from its Singapore and Dubai-based investors. The funding is for augmenting paid-up capital and authorized share capital.

Back in 2018, PayMe India exalted a 2 million US dollar backing from current investors. It included a line of credit from varied non-banking financial companies and fresh cash. The endowment was led from Singapore and Dubai, along with India as the co-founders have also invested in this round of funding.

Commenting on the latest funding, Mr. Mahesh Shukla, Founder PayMe India, said," From past 5-years we have aggressively augmented because of business acumen and financial proficiency. We have been efficiently accomplishing the demands of the market. The investor support will additionally boost our amplitude and market expansion. Our operational procedure is tech-intensive and, hybrid technology is indispensable to build our mobile app - the one single app supports Android as well as iOS listings."

PayMe India founded in the year 2016 lends loans to salaried professionals on a short and long-term basis as per their requirements. PayMe has built a proprietary underwing credit evaluation model to keep fraudulent applications and risk potential at bay. The company also provides loan advisory services to assist its customers coming out of financial distress.


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Payme Pre-Series A Angel Funding

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