Yellow Metal, a startup building technology to expand gold-backed lending, raised $3 million in a seed round, roughly Rs 24.8 crore. The company is focused on getting gold loans to rural and underbanked borrowers through a tech-enabled distribution model.
WaterBridge Ventures, which counts Yellow Metal among its portfolio companies, backed the round. The fresh capital supports the startup's push to widen its lending footprint.
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Credit: Entrackr