Faircent said the fresh funding from existing and six new investors validates company's business model and fund will be utilised to enhance lending and asset class offerings.
It will also strengthen technology and drive awareness in the market about P2P lending marketplace, it said in a statement.
The latest funding, led by Incofin Investment Management, saw participation from all existing investors JM Financial, 3one4 Capital, M&S Partners Pte Ltd, and Aarin Capital.
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