An India based Fintech startup NIRA, on Tuesday announced that “It has secured $1 million in seed round funding from angel investors in India and U.K”

Rohit Sen, CEO of NIRA said, “While we were oversubscribed for this round, we felt this was just the right amount to help us grow our team, our technology, and our business.”

Adding to this, he said “We have been refining our product and strategy since we went live a few months back. Our focus will now be on executing our strategy and scaling up the size and reach of our operations.”

NIRA was founded in 2017 by former Goldman Sachs employee Rohit Sen and Nupur Gupta, NIRA provides small loans from RS 5000 to Rs 1 lakh and has partnered with Federal Bank of India.

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