India-based KNAB Finance has reportedly raised around $389,000 across a pair of funding rounds.
Contributions to the rounds came from InCred, among various angel investors, according to an article by VCCircle which cites a company executive.
The company offers credit access to businesses in a collateral free environment, with easy eligibility and flexible financing options. Through the platform the user does not need to make a deposit, with KNAB’s technology assessing the borrowers needs to create a custom financing.
The loans are offered on a tenure for seven days to 12 months, with the loan being available to borrowers after just one year audited finance.
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