Finalizes Rs 25 crore in Series A funding from investor group led by Mathew Cyriac and advised by Florintree Advisors. Cyriac will join the Board as Investor Director, Dr. Pulak Ghosh, renowned data scientist and professor of Quantitative Analysis at IIM (B) appointed as an independent director
Aeries Financial Technologies, a fintech company promoted by serial entrepreneur and private equity investor V. Raman Kumar, announced that CASHe, India’s fastest growing app-only lending platform for young professionals has closed a series A funding from investor group led by Mr. Mathew Cyriac and advised by Florintree Advisors. The funding will further increase CASHe’s scale of business and solidify its position as the leading app-only lending platform. The company also announced that it has appointed Dr. Pulak Ghosh and Mr. Mathew Cyriac to its Board of Directors.
- Raman Kumar, Chairman, Aeries Financial Technologies, commented; “We are very excited to have finalized the Series A funding from investor group led by Mathew Cyriac and advised by Florintree Advisors. We thank our new investors for their confidence in CASHe. We have big plans for the business, and are proud to have a team that shares and believes in this vision. I also welcome Dr. Pulak Ghosh and Mathew Cyriac to the Board of Directors.
He further commented, “An influential scientist and thinker, Dr. Ghosh brings to CASHe his enormous domain knowledge, experience and expertise in big data analytics to CASHe. His inclusion further reinforces the preeminent position that CASHe has established for itself in the AI, Data Analytics and Machine Language backed new age financial technology space in India.”
“Mr. Cyriac joins CASHe as an investor / director. Drawing on his years of experience as an established private equity player, he will provide fresh insights to company’s business priorities as it continues to grow at an accelerated pace. The company looks forward to benefit from their extensive and diverse expertise to accelerate its strategic and organic growth initiatives,” he added.
