B2B FinTech platform Recur Club has raised $30m in a seed funding round, as a combination of equity and debt allocation.
The capital came from InfoEdge Venture, Village Global, Titan Capital and others.
On a statement on its website, Recur said it also thanks its early backers Kotak Investment’s MD (S. Srinivasan), AZB & Partners founder and senior partner (Bahram Vakil), PointOneCapital’s general partner (Archana Priyadarshini), LogiNext’s founder (Dhruvil Sanghvi), Adept Ventures and Lykke Capital.
Recur works with a “single obsession” to empower founders to focus on their business as they scale. The FinTech platform partners with companies by unlocking fast, flexible, transparent and non-dilutive capital at every stage of their growth journey and provides an ecosystem to amplify their growth.
The company said, “The trust placed in us by our investors have strengthened our resolve to become the most founder friendly platform to raise growth capital. With the introduction of a new asset class, Recurring Revenue, we strive to revolutionise financing and democratise access to capital for all founders.”
Copyright © 2022 FinTech Global