fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Product Launch
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

Indian FinTech Startup Kuhoo secures US$20 million Seed Funding from West Bridge Capital

AsiaTechDaily Writer by AsiaTechDaily Writer
03 March 2022
in Featured, FinTech
0
Kuhoo
59
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

India-based student loan FinTech startup Kuhoo has raised US$20 million in Seed Funding from WestBridge Capital. The startup will be using the fresh funding to transform the student loan FinTech sector.

Kuhoo aims to provide online loans to students aspiring to study in universities both in India and abroad. It is also the first student loan provider to offer products across several streams like MBA, Engineering, online courses, executive education, and even new age courses.

“We are on a mission to make Indian students Atmanirbhar. In our cumulative experience of over 30 years in lending to Indian students, we have observed that many talented students do not apply to good universities because they worry about burdening their parents with high costs of fees & living expenses. We want to change this. At Kuhoo, we combine our vast experience with advanced technology & data science to create risk & credit models. These models help us evaluate students’ potential employability and future incomes for various courses students enrol in,” Kuhoo’s founder Prashant A Bhonsle said in a statement.

“With this unique ability, Kuhoo can offer different products best suited to individual profiles of students from varied family backgrounds. The other – usually underrated – benefit to the students will be that this loan will help them build credit history while studying. As we all know that in today’s world, a good credit score ensures that the students will get access to the best financial products like credit cards, other loans, etc., once they start working,” he added.

Deepak Ramineedi, Partner at West Bridge Capital, said, “With the rising costs of education, we believe India needs loan providers who comprehensively understand the problems of students, parents, and academic institutes. Assessing the future employability and income of students are two of the biggest challenges for existing banks and NBFCs offering student loans. We are glad we have found the right entrepreneur in Prashant. Other than his experience in creating one of the most successful student lending companies in India, we like his vision of using technology and analytics to build an online business model.”

About Kuhoo

Kuhoo was founded in 2021 by a former ICICI, HDFC Credila, and Incred executive and a banking veteran, Prashant A Bhonsle,

The startup intends to fill the gap between the increasing cost of education and affordability and create products primarily based on the academic background, college, course rankings, and career prospects for the students.

Tags: Fintech startupseed funding
Previous Post

FinTech Startup Volopay raises US$29 million funding in Series A

Next Post

ScaleUp Malaysia announces investments in 11 emerging startups

Related Posts

edit post
Bayo Pay
Featured

Malaysia’s Bayo Pay bags $2.4m in Series A round led by VentureTECH SBI

June 2, 2023
edit post
Oxalus
Blockchain

Blockchain startup Oxalus raises $1.1m for NFT social commerce expansion

June 2, 2023
edit post
Sleek CEO, Eric Kim at the East meets West Pitch competition
AI & Big Data

Sleek’s ‘Hifive’ Fitness Platform Triumphs at 2023 East Meets West Pitch Competition in Hawaii

June 2, 2023
edit post
WeGoWhere
Featured

500 Global leads $1.2m Seed funding in social networking startup WeGoWhere

June 1, 2023
edit post
Hybr1d
Featured

SG startup Hybr1d raises $3.2m, eyes global workforce management expansion

June 1, 2023
edit post
TRIREC
Clean Technology

TRIREC, INNOPOWER team up for $100m green energy fund

May 30, 2023
Next Post
edit post
ScaleUp Malaysia

ScaleUp Malaysia announces investments in 11 emerging startups

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Investors’ interviews
    • Founders’ interviews
    • Product Launch
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback