CheQ is a fintech startup that has its headquarters in Bengaluru. CheQ has raised $10 million in a seed round. The round was backed by Multiply Ventures, Venture Highway, Marshot Ventures, 3one4 Capital, and Veda VC.
CheQ is planning to utilize the fresh capital funding in the following ways:
- To primarily build its team,
- Launch its product, and
- Invest in technologies.
The launch of new products is expected to be completed in a year.
CheQ was founded by Aditya Soni in January 2022. The startup, CheQ is a digital platform that has the vision to help its customers discover and manage their credit products online. Currently, the startup is operating in stealth mode and is in the pre-product stage.
The prime objective of CheQ is to enable the customers to improve their credit health, making tracking feature easier, manage and paying all their credit payments-BNPL and credit cards on a singular platform.
In the list of investors, Naveen Kukreja who is the CEO of PaisaBazaar; and Shailaz Nag who is the CEO and Founder of DotPe, are also included.
EXECUTIVE OPINION:
"We are developing a customer-first platform, which focuses on improving the credit health of customers by making it easier for customers to track, manage, and pay all their credit payments in one platform,” said Aditya Soni, Founder, and CEO of CheQ.
"Minutes into our conversation with Aditya, I was checking my Credit Score details only to see a Rs 2,000 loan amount, the origin of which I had no clue. A single source of truth for all our credit, what it means for us as customers, and the most intuitive way to manage repayments at one go is a problem waiting to be solved," said Priya Mohan, Partner at Venture Highway.
