Indian fintech startup raises ₹27 cr led by American Express
Delhi-based online lending marketplace IndiaLends has secured over ₹27 crore ($4 million) in a Series A funding round led by American Express Ventures. China's Cyber Carrier, Noida-based AdvantEdge Partners and DSG Consumer Partners also participated. IndiaLends connects individuals with lenders to secure loans through its data analytics and proprietary credit underwriting algorithm.