Digital Lending Startup LoanTap Raises $8M Led by 3one4 Capital
Strong compliance and corporate governance practices find takers even in tepid waters. Amidst the liquidity concerns in NBFC sector, LoanTap has raised more than $8 million through a combination of Equity and Debt instruments, between October to December, 2018.
3one4 Capital leads fresh funding round in digital lending firm LoanTap
Mumbai-based LoanTap Financial Technologies Pvt. Ltd, a digital platform that offers loans and overdraft products to salaried professionals, has raised $8 million (Rs 57 crore at current exchange rates) in a fresh round of funding, the firm’s fifth since inception, led by new investor 3one4 Capital.
Pune-based digital lending startup LoanTap raises $8 million
Pune-based digital lending platform LoanTap has raised $8 million in its fifth fundraising round led by Bengaluru-based early-stage venture capital fund 3one4 Capital.
LoanTap raises $8M from 3one4 Capital, other existing investors
With the freshly raised round, LoanTap will be able to leverage more, and the platform plans to raise Rs 90 crore of debt to create a bigger loan book, said Satyam Kumar, CEO, LoanTap.
Lending start-up raises LoanTap raises $8mn from 3one4 capital & existing investors
According to the startup, the customized loans offered by them are designed to match the instant consumption patterns of the millennial's. The startup claims to use the latest technologies for the loaning process such as loan application, creditworthiness assessment and disbursal mechanism, to help users get faster access to credit.
Budget 2019: From corporate tax rate to credit to MSMEs, financial institutions want government to deliver on expectations
Credit availability is the backbone of a growing economy. Liquidity squeeze and its impact on small borrowers and MSME is still fresh in our memory. Naturally, we want finance ministry to work on enablement for FinTech & NBFCs who make last mile credit available to MSMEs and small borrower, Said Mr. Satyam Kumar, Co-Founder & CEO, LoanTap.
Fintech supporting newly weds
Managing enough finance for newly-weds isn’t a hassle with FinTech platforms.
Fintech supporting newly weds
Preparing for a wedding is one big decision. Wedding expenses and upgrading your travel plans with an insured trip isn’t a dream anymore.Our wedding loan comes with interest only payment up to initial 5 months of loan tenure. This eases out your monthly cash outflow post wedding.
End the year in Bali with travel plans that actually helps save money!
LoanTap brings compelling reasons to make holiday plans now, rather than postponing it for funding from savings. Holiday loans provide customer ease of loan repayment.
