MyShubhLife reportedly raises $4m in funding

MyShubhLife, a mobile app that allows consumers to manage a range of their financial needs, has reportedly raised $4m in fresh funding.

The round was led by Patamar Capital and was supported by a number of existing backers, according to a report from Economic Times India.

MyShubhLife has built a mobile app that lets consumers access personal loans, investments, insurance and tax filings. Consumers can take out loans for education, medical bills, home upgrades and emergency cash.

Patamar Capital principal Satchith Kurukulasuriya told Economic Times India, “Patamar has invested in these types of business models for over a decade. We strongly believe that owing to technology, the time is ripe for reimagining economies where all working-class employees have equal access to capital and financial services.”

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