Affordable housing financier Altum Credo on Thursday announced a USD 40 million (around Rs 332 crore) fundraise in a round led by Z3Partners and impact investor Oikocredit. The 2017-founded company said the Series C round includes a USD 27 million fundraise in fresh equity and USD 13 million in partial exit to Series A investors, a statement said. The Pune-headquartered company plans to deploy the new capital for growing its assets under management, which stood at Rs 830 crore as of March 2024, it said. Apart from the lead investors, the UK's British International Investment and existing investors Aavishkaar Capital, Amicus Capital and PS Pai and family also participated in the new round, it said. It had raised a Series A equity funding of USD 9.8 million in 2018 and USD 12 million in Series B round in 2021. The company focuses on unserved and under-served segments using digital tools, targeting first time homeowners, and 93 per cent of the customers are from the economically weak Read The Rest at :