Kissht is a consumer credit start-up that allows consumers to pay for their online orders in monthly instalments, without the need for a credit card. Bengaluru: Digital lending platform Kissht has raised $10 million in a funding round led by Fosun RZ Capital, with participation from Prophet Capital, Beijing and existing investors Ventureast and Endiya Partners. Kissht is a consumer credit start-up that allows consumers to pay for their online orders in monthly instalments, without the need for a credit card. It uses proprietory algorithms to assess the credit-worthiness of a potential buyer and process credit purchases instantly. After the announcement of demonetisation in November 2016, lending start-ups such as Faircent, Wishfin and Loantap reported an increase in credit purchases and personal loans on their platform.

Source: Mint November 09, 2017 19:08 UTC