Eduvanz secures Rs 1,045 crore Series B funding

Eduvnz is an Indian education loan service technology startup that provides innovative financial solutions for students and skilled job seekers to increase school enrollment. The company allows students to obtain unsecured education loans through its online platform and uses proprietary artificial intelligence (AI)-based algorithms to collate borrower financial and socioeconomic data from traditional and non-traditional sources to more easily assess credit ratings , Quickly disburse loans. Recently, Eduvanz has raised Rs 1,045 crore ($12.6 million) in Series B funding from new and existing backers. Rethink Education Ventures led the round with Rs 415 crore, while existing investors Sequoia Capital, Juvo Ventures and Unitus Ventures also participated.

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