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Fintech Startup CheQ Raises $10 Mn To Launch Credit Management Platform

Inc42 LogoInc421 mo ago

Fintech Startup CheQ Raises $10 Mn To Launch Credit Management Platform

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Bengaluru-based fintech startup CheQ has raised $10 Mn in a seed round led by Venture Highway and 3one4 Capital.

Therefore, fintech startups, which are not banks, can’t issue a credit in partnership with banks.

On June 20, the RBI issued a notification on PPI-MD (Prepaid Payment Instruments-Master Directions), which denied the loading of non-bank PPIs from credit lines.


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Article Details

Author / Journalist: Hemant Kashyap

Category: Startups

Topics: Soni Fintech Startups Products Customers Credit Management Platform Cheq Startup Notification

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 12:39:25

News Timezone: GMT +5:00

News Source URL: inc42.com

Language: English

Reading Time: 3 minutes read

Article Length: 486 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 22809

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About Inc42

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Main Topics: Startups

Official Website: inc42.com

Update Frequency: 15 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 15h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

News Language: English

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Publisher ID: #52

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