New Delhi, March 23 -- The parent company of Fintech KreditBee, Finnov has raised an additional USD 70 million in a follow-on Series C round. The round was led by NewQuest Capital Partners and Motilal Oswal Private Equity. The conclusion of this round has led to an exit of most of the early-stage investors. Very recently, Finnov had raised USD 75 Million from Premji Invest, Mirae Asset Ventures, Alpine Capital and Arkam Ventures.

With the new capital influx, the entity looks to scale up its lending portfolio beyond personal loans into other lending products. It also aims to look at value-added services, deeper channel integrations and partnerships. Solutions under evaluation include secured lending products. The company also looks at the...