Mortgage provider Dewan Housing Finance has backed short-term loan provider EarlySalary, four months after investing in its series A round.

India-based consumer lending platform operator EarlySalary has raised Rs 1bn ($15.8m) in a series B round that included mortgage provider Dewan Housing Finance (DHFL).

The round was led by Eight Roads Ventures India, a subsidiary of investment and financial services group Fidelity International, and included IDG Ventures India and private investor Ashok Agarwal.

Founded in 2015, EarlySalary operates a short-term lending platform that markets loans of up to $3,100 to young Indian consumers who may be unable to use traditional…