WeRize raises $8mn in Series A led by 3one4 Capital, Picus and others

WeRize, a full-stack financial services platform, has raised $8 million in Series A funding round, led by 3one4 Capital, Picus Capital, Kalaari Capital, and Orios Ventures.

Founded by ex LendingKart executives Vishal Chopra and Himanshu Gupta in 2019. WeRize is a full stack provider, both- developing and distributing a wide portfolio of customised credit, group insurance and savings products for 100 million families and 300 million individuals who live in 4000+ small towns of India. This $200 billion and growing annual market expects a very different product set as well as distribution model which traditional private banks, insurers, and mutual fund companies are unable to provide. The economics of these products as well as operating in small cities is not feasible for traditional companies due to their high-cost branch-based distribution model.