P2P lending platform Finzy raises $2 million in bridge round

Peer-to-peer lending platform, Finzy, has raised $2 million as a part of a bridge round. Finzy is currently looking to raise $10 million as a part of its Series A round. The company did not disclose the name of the investors.

Finzy connects Borrowers looking for quick personal loans with low interest rates to Investors who are looking for a powerful new asset class that provides fair returns. The funds obtained will be used to strengthen its technology and enhance product offerings for its lenders and borrowers.

P2P lending in India is going through a revamp with larger fintechs entering the space, allowing customers to earn and borrow at competitive market rates.