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Lentra - Series B
Overview
Funding Date
November 14, 2022
Financing amount
$60M
Valuation
--
Catagory
Subcategory
About Lentra - Series B
Lentra, an Indian embedded AI-based finance startup, has raised $60 million — a Series B that values the startup at "over $400 million". Existing investors Bessemer Venture Partners and Susquehanna International Group (SIG) led the round with strategic participation also from Citi Ventures, a subsidiary of the New York-based investment banking giant Citigroup.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 1911 | 14 | businessplans@bvp.com | ||
| Fund | United States of America | 1987 | 26 | media@sig.com | ||
| Corporate | United States of America | 1998 | 12 | -- |
Founders & Team
D Venkatesh
Company Profile / Project Introduction
Lentra is driving lending into the future with its simple, configurable, and secure technology platform that helps accelerate embedded banking with speed at scale. Lentra is transforming the lending space with a SaaS model that simplifies the digital inclusion, makes loan approvals faster and seamless than ever before. Powered by AI, ML and Blockchain technologies, Lentra's API-driven modular architecture helps banks create tailored lending products and customer experiences with an astounding 96% STP rate, all resulting in increased access to the new customer base, reduced NPAs, and improved operational efficiencies.