Z3 Partners and Oikocredit led a $40m Series C round in Altum Credo.

Z3 Partners, a venture capital fund, and Oikocredit, a cooperative society that offers loans or investment capital, led a $40m Series C round in Altum Credo, a new age tech-led affordable housing finance company, with participation from British International Investment, Aavishkaar Capital, Amicus Capital and PS Pai & family. “We are delighted to partner with Altum Credo in this next phase of growth as they further expand their distribution network and empower millions of Indians by providing them access to long-term home finance. Vikrant, backed by a seasoned management team, have a stellar track record in financial services and have set in place a strong playbook to scale existing operations. We believe the Company is at an inflection point where physical and digital infrastructure come together to provide industry-leading operational metrics. This investment fits into our core thesis of technology being a catalyst to financially empower the underserved segment of Bharat, while also building businesses in a profitable and scalable manner,” Rishi Maheshwari, Z3Partners Managing Partner.