CheQ, a FinTech startup based in Bengaluru, has announced the successful acquisition of an additional $2.2m in its ongoing seed funding round.

The company secured this amount by issuing 6,855 Seed 1 Compulsorily Convertible Preference Shares at a price of Rs 26,988.91 each, totaling around Rs 18.5 crore, according to a report from Startup Story.

The investment attracted significant interest from several notable investors, including Lloyd Dizon and Zenaida Dizon Balajadia, along with contributions from Sherpalo LLC, a venture by Ram Shriram, and others like Hitesh Gupta and Amit Lakhotia.

Founded in 2022 by Aditya Soni, CheQ has carved a niche for itself by simplifying the discovery and management of credit products. Users can manage their credit card bills and EMIs through a single, user-friendly platform. The newly acquired funds are earmarked for growth, expansion, marketing, and general corporate purposes, enhancing CheQ’s market presence.