BankBazaar.com, a financial marketplace, is open to roping in a strategic investor who can help accelerate the pace of adoption of paperless access to finance, a top official said.
“We will bring on board an investor more from a strategic perspective, not because we need capital. If we find the right strategic investor who can accelerate the pace at which we are moving towards paperless, that kind of investor we would consider,” Adhil Shetty, CEO, BankBazaar.com, told BusinessLine . BankBazaar.com had last raised $30 million in capital in October 2017 in Series D funding led by Experian. This platform, which has recently completed 10 years of existence, counts Amazon and Sequoia as its investors, among others.
As on date, as many as 85 financial institutions are integrated with this platform to provide paperless access to financial products.
On average, BankBazaar’s platform gets about 3.5 crore visitors every month to get a financial product or research a financial product.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.