Avail Finance raises $11.5 million

Avail Finance, which lends to blue-collar workers, has raised $11.5 million in Series B funding led by Alpha Wave Incubation (AWI), a fund, managed by Falcon Edge Capital. This round also saw participation from existing investor Matrix Partners. Ankush Aggarwal, founder, and CEO, Avail Finance, said, โ€œThe funds raised will be used for the expansion of the team, and to offer a varied product mix for our targeted users, be it existing or prospective.โ€

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