Matrix partners-backed fintech startup Jodo raises $15 Mn to offer zero cost lending solutions
Fintech startup Jodo has secured $15 Mn in its series A funding led by Tiger Global. Existing investors–Elevation Capital and Matrix Partners India also participated in the round. Jodo will use funds to accelerate product development, sales and acquire talent for the startup. According to Jodo’s founder Atulya Bhat, lump sum fees of an education institute forms nearly 15-20% of one’s household income.