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Gurugram-based Chqbook.com has raised $5 million in Series A funding from Aavishkaar Capital.
Chqbook.com, a fintech start-up launched in 2017 by entrepreneurs Vipul Sharma, Rajat Kumar, Sachin Arora and Mohit Goel, is building a marketplace bank to help small business owners become financially fitter. The start-up will use the funding to expand its product portfolio, scale up distribution across multiple cities and strengthen its artificial intelligence-powered technology platform, among others, it said in a statement.
ALSO READ: Harsha Bhogle invests in fintech start-up ChqBook
The Chqbook app offers more than 60 products with zero fee and negotiated rates. The start-up has served more than 2 lakh customers across 20 cities, the statement added.
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