Sub-K’s $10.7 Million Funding from Maj Invest


Khaitan & Co acted as the legal adviser of Maj Invest in connection with the deal

Sub-K iTransactions Limited, a city-based fintech company focused on financial inclusion, completed its $10.7 million Series C round funding with Maj Invest, a Denmark-based asset management company.

Proceeds will be used to finance product innovation and strengthening the IT platform.

Sub-K facilitates affordable financial services, including loans, savings and payments to more than three million under-banked households and micro-enterprises across India on behalf of multiple banks as a business correspondent.

Khaitan & Co acted as the legal adviser of Maj Invest in connection with the deal with a team including Kartick Maheshwari (Picture), Akshay Bhargav, Radhika Agarwal, Tanvi Arora, Aman Dwivedi (Corporate, Srishti Mukherjee, Aditi Sharma (Due Diligence), Shailendra Bhandare and Sourav Dan (IP&IT).

Involved fees earner: Shailendra Bhandare – Khaitan & Co.; Akshay Bhargav – Khaitan & Co.; Kartick Maheshwari – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Maj Invest Holding;