Y-Combinator-backed fintech startup Bueno Finance has announced that it has raised $3 million in its seed round from a slew of investors such as Goat Capital, JAM Fund, Olive Tree Capital, Good Water Capital, and others from Silicon Valley.
”The Gurgaon-based fintech startup will use the funds to expand the product offerings and strengthen its team across engineering, product, sales, credit, and operations, to support its accelerated growth plans,” the startup said in a statement.
The fintech startup, which was part of the winter 2021 batch of Y-Combinator, was launched in
October 2019 by Saurav Gandhi and Sandeep Arora, with the mission of providing financial solutions to the next billion users in India, it said.
Bueno Finance is a credit-focused Neobank for India’s middle and lower-middle-income segment, the statement said.
