Eazr, Mumbai-based Fintech Raises Seed Funding Round
Health Now, Education Now and Pay Later
Mumbai-based fintech startup, Eazr, has raised an undisclosed amount of investment in its seed funding round from Mohit Chheda and Credent Investments Private Limited. The company’s CEO, Sarabjeet Singh, is leading Eazr with a data-first approach, providing instant credit and loans to consumers in the health, education and essentials market in India, with a strong focus on responsible lending. The funds raised in the ongoing seed round will be instrumental in driving the company’s launch and expansion plans.
Credit where it’s needed the most.
The Indian fintech industry has seen tremendous growth over the past few years, with the COVID-19 pandemic accelerating the shift towards digital payments and transactions. However, many consumers, particularly those in the healthcare and education sectors, are still unable to access affordable credit. Eazr aims to bridge this gap by offering a flexible payment option that can help these consumers access the services they need without breaking the bank.
We are extremely pleased to have Mohit Chheda and Credent Investments Private Limited onboard as investors.” said Sarabjeet Singh, CEO of Eazr. “Their investment is a testament to our mission of providing affordable and accessible credit to the underserved consumers in India, starting with the Health and Education Markets.”
Health Now, Education Now and Pay Later.
The company’s focus on Health Now, Education Now, and Pay Later highlights its commitment to empowering individuals to pursue their educational and wellness goals without financial barriers. The deferred payment option provides consumers with the flexibility to manage their expenses better and ensure access to essential services.
Commenting on the investment, Mohit Chheda said, “We are excited to be part of Eazr’s journey and its vision to provide easy and accessible credit options to consumers in India.” Credent Investments Private Limited added that they believe Eazr has the potential to become a leader in the Indian fintech space.
AI-enabled Credit Scoring System.
Using AI and machine learning credit scoring systems, Eazr can quickly and accurately assess the creditworthiness of consumers making it easier for them to access credit when they need it most.
All set to debut.
With the aim of providing consumers with a “health now, education now, and pay later” option, Eazr is set to launch later this year, backed by cutting-edge artificial intelligence and machine learning credit scoring systems enabling Eazr to provide instant credit to the consumers.
With its data-driven approach, the startup can provide credit to those who need it most, while minimizing the risk of default. As the Indian economy continues to recover from the impact of the pandemic, Eazr’s services will be essential in ensuring that healthcare, education, and daily essentials remain accessible to all. With the support of experienced investors and a strong leadership team, Eazr is set to become a major player in the Indian fintech landscape.