Altum Credo raises $40 Mn to scale up distribution network

Altum Credo has raised around $40 Mn (INR 334 Cr) in its Series C funding round co-led by Z3Partners and Oikocredit, with participation from British International Investment and other existing investors, including Aavishkaar Capital and Amicus Capital. The company said that it has raised $27 Mn in equity and facilitated a partial exit to Series A investors of $13 Mn.