Debt marketplace Recur Club raises $50 million from InfoEdge Ventures, others

Recur Club, a debt marketplace for startups and small and medium-sized enterprises (SME), has raised $50 million. Of this, the company raised $8 million in equity funding led by InfoEdge Ventures and participation from LC Nueva, Physis Capital, String Ventures, and iA Finvolve.

The remaining $42 million is debt from financial institutions, including Incred, Ugro Capital, and Lighthouse Canton.

The firm plans to use the funding to scale its team and enhancing tech offerings such as ‘autopilot’ financing, which enables startups and SMEs to secure debt faster and efficiently. It also aims to expand to tier two and three markets.