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BankBazaar Scores $60 Million in Funding Led by Amazon

BankBazaar Scores $60 Million in Funding Led by Amazon

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BankBazaar, an India-based company that sells financial service products on behalf of third parties, raised $60 million in Series C funding today.

The round was led by Amazon, which holds a minority stake, and marks the ecommerce giant’s second investment in BankBazaar. New investors include Fidelity Growth Partners and Mousse Partners. Existing investors Sequoia Capital and Walden International also contributed.

BankBazaar’s funding now totals $79 million, but there’s no word on a current valuation for the company.

BankBazaar has big plans for the funds. It will use the large sum to boost its technology integration, strengthen partner relationships, create an end-to-end customer experience, and expand its marketing efforts to reach a broader customer base.

The company’s technology is available to consumers on Android and iOS apps, and it currently has 23 bank partners to offer a wide portfolio of solutions to consumers.

BankBazaar demoed at FinovateAsia 2012 in Singapore.