Fintech startup MoneyTap raises â¹80 crore Series A funding
Lending app MoneyTap has raised $12.3 million (about â¹80 crore) in Series A round led by Sequoia Capital India Advisors. Through the app, working professionals can avail instant loans, with the loans ranging from â¹3,000 to â¹5,00,000 being charged 15-19% interest per annum. MoneyTap was founded in September 2015 and the app is available on Android.