Bengaluru-based fintech startup CheQ Digital announced that it had received $10 million in a seed round led by Venture Highway and 3one4 Capital. Multiply Ventures, Marshot Ventures, and Veda VC also participated in the round. Naveen Kukreja, CEO of PaisaBazaar, and Shailaz Nag, CEO and founder of DotPe, are also investors in the startup. Founded in January 2022 by Aditya Soni, the startup is currently in stealth mode and is in the pre-product phase.
CheQ‘s support their clients to improve their credit score by making it easier to track, manage and pay for all their credit payments on a single platform.
CheQ intends to use the funds raised primarily to build its team, bring its product to market, and invest in technology. The company wants to launch the product “in the next few months.” “We are developing a customer-centric platform focused on improving customers’ creditworthiness by making it easier for customers to track, manage and pay for all their loan payments on one platform,” said Aditya Soni, founder, and CEO of CheQ.
“In the first few minutes of our conversation with Aditya, I was checking my credit score when I saw a loan amount of 2,000 rupees that I had no idea about. A single source of truth for all of our loans, what that means for us as customers, and the most intuitive way to manage repayments in one fell swoop is a problem waiting to be resolved,” said Priya Mohan, Partner at Venture Highway.