Announcement
Announcement

Bon Raises INR 7.8 Crore in a Seed Round Led by Omidyar Network

September 12, 2018

Bon, the FinTech platform that facilitates digital credit for flexible workers, today announced that it has raised INR 7.8 Crore ($1.1 million USD) in a seed round led by Omidyar Network. Other funders included Axilor and Better Capital's AngelList India Syndicate.

Smita Aggarwal, investments director at Omidyar Network said: "As the next half billion Indians come online in the coming years, creating growth opportunities for digital businesses and flexible jobs, we expect a huge pool of gig workers to be left behind by traditional financial services providers.
Bon is addressing the acute need of liquidity by this growing segment of people with an offering that has the flexibility of a credit card coupled with a convenient expense management app. By controlling the entire stack, from customer acquisition to repayment facilitation, Bon is helping gig workers to build resilience while nudging them to better financial behaviours."

Read the full press release here.

BACK TO NEWSROOM
It looks like there's some information missing
By clicking, you agree to the Terms and Conditions

Article

Rethinking How and Why We Make Technology

Doteveryone founder Martha Lane Fox says that tech needs to be more focused on improving lives and saving the planet.

READ ON

Article

Congress Must Go Further to Rein In Big Tech

Can antitrust alone address the full scope of problems with dominant tech platforms? Anamitra Deb and Gus Rossi explore recommendations for a diverse set of solutions to set guardrails for tech platforms.

READ ON

Article

In an Era of Tech Regret, Donors Want to Give Computer Science a Conscience

Inside Philanthropy highlights our work to inspire a new generation of technologists through the Responsible Computer Science Challenge, which turns its attention to computer science undergraduate education.

READ ON