Fintech Startup Lentra Raises $27 Million From MUFG Bank And Dharana Capital

Lentra, a fintech company, reported raising $27 million in a fundraising round headed by MUFG Bank and Dharana Capital on Wednesday. During its most recent investment round, which took place on November 22, the software as a service firm raised $60 million, with the help of its current backers Bessemer Venture Partners, SIG Venture Capital, and Citi Ventures.

Lentra announced the "raising of $27 Million as a part of their extended series B round led by MUFG Bank and Dharana Capital" in a press release.

Lentra has received funding from MUFG Bank's Ganesha investment fund for Indian companies.

"We have been growing quickly, and this extended round is a strategic move towards achieving our goal of empowering lenders around the world. We are thrilled that MUFG Bank, Dharana Capital, and other notable investors like BVP, Citi, HDFC, and SIG will join our cap table, stated D Venkatesh, founder and CEO of Lentra.

The bank and MUFG Innovation Partners, a corporate venture capital within the MUFG Group, make their first combined investment through this arrangement.

According to the release, "with this partnership, both entities are ready to support Lentra to further explore synergies within the Group, including its strategic partner banks in South-east Asia."

Beyond India, Lentra has expanded its reach to include the US, Vietnam, the Philippines, and Indonesia.