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Recur Club, a debt marketplace for startups and small and medium-sized enterprises (SME), has raised $50 million. Of this, the company raised $8 million in equity funding led by InfoEdge Ventures and participation from LC Nueva, Physis Capital, String Ventures, and iA Finvolve.
The remaining $42 million is debt from financial institutions, including Incred, Ugro Capital, Aditya Birla Capital, and Lighthouse Canton.
The firm plans to use the funding to scale its team and enhancing tech offerings such as ‘autopilot’ financing, which enables startups…
