CASHe raised Rs 140 Crore from TSLC Pte Ltd.

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CASHe raised Rs 140 Crore from TSLC Pte Ltd.
05 Jan 2022
6 min read

News Synopsis

Digital lending platform CASHe has raised Rs 140 crore of equity funding from TSLC Pte Ltd., its Singapore based company. The company is planning to use the raised funds to boost its profitability, enhance its existing product lines, BNPL, credit line and embedded card business. CASHe has also said that it's looking forward to launching a replacement offering in WealthTech and ramping up its investments in operations, product development, data sciences, and technology.

The Founder Chairman of CASHe, V Raman Kumar has said that the goals are set to be a full-stack, credit-led financial wellness platform of choice for the millennial and Gen Z cohort, profitability and business model.

The company is also planning to expand its loan book to Rs 3,000 crore and to increase its user base to 1 million from the current 4 lakh customers. It has paid out more than Rs 1,000 crore worth of loans in nine months of this financial year and aims to expand it to more than Rs 1,400 crore in future.

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