[Funding alert] Fintech company Sub-K raises Rs 75 Cr from Denmark’s Maj Invest


BASIX Sub-K iTransactions Limited, a Hyderabad-based fintech company focussed on financial inclusion, has raised Series C round of Rs 75 crore from Maj Invest, a Denmark-based asset management company.

Sub-K plans to utilise the funds for product innovation and strengthening the IT platform that would position the company as a preferred fintech as well as a distribution partner for banks and financial institutions, it said in a statement on Wednesday.

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