Housing finance company, Altum Credo, on Monday said it has raised Rs88 crore, or roughly $12 million, in fresh equity funding led by growth fund Amicus Capital. Seven-year-old Altum Credo provides housing finance to economically weaker and low-income group categories which have traditionally faced challenges in accessing credit from formal channels. The company is well positioned to capitalise on the secular decadal growth opportunity in the Indian housing finance market by using technology to reduce friction. “The Altum team has been able to demonstrate resilience despite difficult market conditions. We at Aavishkaar are excited to back the Altum team in this journey,” said Sushma Kaushik, partner, Aavishkaar Capital.

Source: Mint November 22, 2021 22:43 UTC