Fintech startup WeRize has raised $8 million in its Series A round led by 3one4 Capital, Picus Capital, and more

WeRize, a financial services stage for modest communities, has raised $8 million in its Series A round led by 3one4 Capital, Picus Capital, Kalaari Capital, and Orios Ventures.

With this round, the complete subsidizing raised by WeRize remains at $10.25 million.

The financing proceeds will be used to increase investments in technology, information science, item development, said Bengaluru-based WeRize in a press release.

Founded by Vishal Chopra and Himanshu Gupta, WeRize sells credit cards and investment funds items in over 1,000 cities like Tirupur, Coimbatore, Surat, Aurangabad and Amritsar through a social appropriation.

The startup professes to cater to customers in over 1000 cities and towns and plans to reach over 4000 towns in the forthcoming two years through its social dissemination. The organization means to installed over 50,000 freelance financial specialists across India.