Olyv taps Unitus Cap for $20 mn funding

Lightrock-backed personal lending platform Olyv, formerly SmartCoin, has appointed Unitus Capital to raise fresh funds, three people in the know said.

- Mansi Verma [e-mail]

This will be a primary round to support growth.

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The funding round is expected to be $15-20 million (around ₹160 crore), they said, seeking anonymity.

“The round is expected to be all primary for growth,” one of the people said.

Olyv and Unitus Capital did not respond to Mint’s queries.

The Bengaluru-based company which had expanded its co-lending platform last year, currently has tie-ups with RBI-registered non-bank lenders such as Vivriti Capital, Poonawalla Fincorp, and Aditya Birla Capital Finance, to strengthen its lending network.