India, June 4 -- Fintech platform WeRize has raised $7 Mn (about Rs.67.1 Cr) from in a pre-Series C funding round led by Sony Innovation Fund. Existing investor 3one4 Capital also participated in the round.

The startup plans to utilise the fresh capital to expand its financial product offerings to include mutual funds, online bonds, secured co-branded credit cards, and housing loans. It also plans to invest in its proprietary AI and technology infrastructure.

"This capital will help us go deeper into the AI capabilities of our unique social distribution platform, expand our product suite and prepare for the public markets, where we believe we can demonstrate that building for small-city India is one of the largest commercial opportuniti...