Klub, a fintech play providing growth financing, has raised $2 million in a pre-seed round from Surge, Sequoia India’s rapid scale-up programme, and a group of angel investors. The company was founded by Anurakt Jain and Ishita Verma.
The company will utilize these funds to strengthen their technology and increase the team bandwidth.
In a statement, Anurakt Jain, Co-founder and CEO of Klub, said, “Giving back need not be a CSR activity, to be done only after a certain scale of revenue and profits. It is a mindset that we are embracing as our cultural fabric and is an ongoing activity for us.”
Klub’s investment platform, which utilizes financial innovation, community engagement and deep data-driven analytics, provides skin-in-the-game growth capital to entrepreneurs of much-loved brands across sectors. It is currently in stealth-mode, and is based out of Singapore and India.