AHMEDABAD: Chqbook, a fintech startup that allows customers to explore, compare, book and get personal finance products such as home loans, personal loans and credit cards, raises undisclosed funds from YouWeCanbacked Startup Buddy, Apurva Chamaria, global head of corporate marketing at HCL, Sachin Arora, ex-CTO at Myntra, Bharat Gupta, founder of Net Asset Consulting LLP, and others.
Kunal Singhal from Suresh Chandra and Associates was the advisor for the transaction.
Gurgoan-based Chqbook currently operates in four major cities and has over 400 plus experts on its platform. The fund raised will be deployed to expand to over 50 cities, and expand further into credit cards and personal loan services.
“Financial products are quite complex and diverse and our model aims to provide complete and honest advise and support to retail consumers to take best decisions for their key financial needs. Currently, we provide only home loan on our platform and will be adding personal loans and credit cards shortly,” said Vipul Sharma, cofounder of Chqbook.
Chqbook is a marketplace for financial products — that brings suppliers (banks and NBFC’s), distributors (Chqbook experts) and customers onto a single platform — both online and offline. In India, there are over 20 lakh financial service providers like insurance agents, direct selling agents and bank executives, who help process loans and cards.