PayMe India raises pre-Series A funding

Noida: PayMe India, a financial-technology startup that focuses on loans to salaried professionals, has raised an undisclosed sum as part of a pre-Series A funding round.

Noida-based PayMe India has raised this capital from a clutch of angel investors based in Singapore and Dubai, it said in a statement.

PayMe India, operated by Huey Tech Pvt Ltd, was set up in 2016 by Mahesh Shukla. The startup says it provides loans on a short and long-term basis. It also provides loan advisory services.

The firm will use the capital raised in this pre-Series A round to augment its paid-up and authorized share capital, as well as to expand.