Indian fintech startup Jai Kisan secures $50 million in funding

Oluwajuwonlo Afolabi -

Jai Kisan, a financial technology startup that is widening access to financial services in rural communities in India, has raised $50 million in its new funding round, in a mixture of equity and debt financing.

  • The fund will be used to scale its product suite and improve customer experience in its operations, the startup claims.
  • Jai Kisan is a rural-focused neobank operating in India, with its app (Bharat Khata) offering solutions to rural businesses and individual financial needs using curated credit products.
  • The startup aims to digitize savings, insurance, and payments for users and has recorded a 400% customer growth in three months.
  • GMO Venture Partners, Yara Growth Ventures, DG Daiwa Ventures, Blume, Arkam Ventures, Mirae Asset, and Snow Leopard Ventures participated in the round.