India, April 23 -- Chennai-based fintech BankBazaar has secured an undisclosed amount from Muthoot FinCorp as part of its ongoing Series D2 round. With this, the round's total size has grown to INR 55 Cr (around $6 Mn), the startup said.

Besides, BankBazaar has inked a partnership with Muthoot FinCorp (an NBFC) to enter the gold loans business. Under this partnership, BankBazaar will handle digital data management, digital marketing, product education, digital customer experience and credit score improvement processes.

Muthoot will be responsible for KYC-related compliances, verification, valuation, storage and all other guidelines to ensure same-day loan disbursal.

Founded in 2008 by Adhil Shetty, Arjun Shetty, and Rati Shetty, BankBa...