[ MoneyTap raises $12.3M in Series A ]

MoneyTap has raised $9 million in Series A funding.

Founded in 2015, MoneyTap  is a money lending application for borrowers that provides an option to secure a predetermined un-collateralised loan instantly.

The fresh capital will be used to enhance technology, especially to incorporate India Stack features such as the unified payments interface and e-sign, and to expand to 50 cities from the current count of 14 by the end of this year.

Funding  Series A
Founded  2015
Country  India
City  Bangalore, Karnataka
Founder / CEO  Bala Parthasarathy
Deal Size  $9M
Investors  Sequoia Capital
 Prime Venture Partners
 New Enterprise Associates
Previous Investors  /