BankBazaar Secures US$ 30 Million in Series D Funding led by Experian
BankBazaar.com, India’s leading financial marketplace with 50 million visits per quarter, raised US$ 30 million in a funding round led by Experian, the world’s largest credit rating agency and information management company.
BankBazaar’s mission is to help consumers access the right financial product paperless, and its vision is to be the dominant digital marketplace globally enabling paperless access to financial products.
Adhil Shetty, CEO, BankBazaar, said: “Experian is a global leader in credit reporting and information management, and we are very excited to have them on board as a part of our investor group which includes Amazon, Sequoia, Eight Roads (Fidelity Growth Partners), and Walden International. There is a natural synergy between the world’s largest information management company and one of the fastest growing fintech companies.
"The funds from this round will be used to further strengthen our position as the leader in secure paperless access to loans, cards, and mutual funds. Experian will enable us to accelerate towards our vision of paperless access to all financial products.”
The Credit Score Tracker that Experian and BankBazaar have partnered on brings to the Indian consumer a secure Free Credit Score with education material on how to improve one’s credit score through better financial planning.
