Sub-K raises Rs. 75 crore from Maj Invest in Series C round

The Hindu Business Line

Fintech player BASIX Sub-K iTransactions Limited has raised Series C round of funding worth Rs. 75 crore from Denmark-based asset management company Maj Invest.

Hyderabad-based Sub-K plans to utilise the funds for product innovation and strengthening the IT platform to make the company a preferred fintech as well as a distribution partner for banks and financial institutions.

“We will be able to continue to invest in innovations and increase our reach multi-fold, thanks to Maj Invest who shares our vision of creating a world-class vehicle for catalysing inclusive growth, along with our existing investors, Michael and Susan Dell Foundation, Accion and Nordic Microfinance Initiative (NMI),” said Sasidhar Thumuluri, Managing Director and CEO, BASIX Sub-K.

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