ZipLoan, a lender focused on small and medium businesses, raised about $2.6 million from WaterBridge Ventures, joined by its existing investors. WaterBridge routed the investment through its Vistra ITCL (India) trust vehicle.
As a WaterBridge portfolio company, ZipLoan extends working-capital and credit products to MSMEs that often struggle to access formal financing. The fresh capital was set to support the lender's push to widen its reach among small businesses.
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Credit: Inc42