Fintech startup MoneyTap raises ₹80 crore Series A funding
Lending app MoneyTap has raised $12.3 million (about ₹80 crore) in Series A round led by Sequoia Capital India Advisors. Through the app, working professionals can avail instant loans, with the loans ranging from ₹3,000 to ₹5,00,000 being charged 15-19% interest per annum. MoneyTap was founded in September 2015 and the app is available on Android.