India: OptaCredit in talks to raise up to $10m from new investors

OptaCredit Fintech Pvt. Ltd, a lender to salaried borrowers, is in talks to raise $8-10 million in a Series A funding round from new venture capital investors, a top company executive said on Monday. The Chennai-based start-up is in early discussions with impact funds and Asian investors, said S. Kumar Srivatsan, co-founder and chief executive officer of OptaCredit.