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BankBazaar gets $30m funding

Mumbai: BankBazaar.com, the financial marketplace, on Tuesday said it has raised $30 million in a funding round led by Experian, the credit rating and information management company.

This round of cash infusion brings BankBazaar's total funding to $110 million.

Adhil Shetty, CEO of BankBazaar, said the funds would be used to strengthen its position in secure paperless access to loans, cards, and mutual funds and Experian will enable it to accelerate towards the vision of paperless access to all financial products.

"Experian is a global leader in credit reporting and information management, and we are very excited to have them on board as part of our investor group which includes Amazon, Sequoia, Eight Roads (Fidelity Growth Partners), and Walden International.

"There is a natural synergy between the world's largest information management company and one of the fastest growing fintech companies,'' he said.

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