Fintech startup Nira gets $1 million in seed fund

BENGALURU: Nira, a fintech startup that provides small value credit to consumers with limited access to traditional modes of finance, has closed $1 million in seed funding from angel investors in the United Kingdom and India.

The funding will be used to accelerate building out the core team and technology and drive growth.

Cofounded by Rohit Sen and Nupur Gupta, Nira promotes financial inclusion by helping people get access to credit of up to Rs 1 lakh for up to 1 year.