Loantap raises $8M funding led by 3one4 Capital
Digital lending platform, Loantap, has raised $8 million (Rs 57 crore) through a combination of debt and equity in its fifth round of fundraising led by Bengaluru-based early stage venture capital fund 3one4 Capital.
Loantap raises Rs 57 crore
The last round that we had raised in 2018 has been mostly used for onward lending,” said CEO Satyam Kumar. “Now with this equity fund infusion I will be able to leverage more and plan to raise Rs 90 crore of debt mainly to help in creating a bigger loan book.
LoanTap raised $8Mn amidst liquidity concern in NBFC sector
Amid the liquidity concerns in NBFC sector, LoanTap raised more than 8 million dollars through a combination of equity and debt instruments between October and December, 2018.
This NBFC raises $8 million amid rising clamour over liquidity crisis
LoanTap raised the amount via a combination of equity and debt instruments, between October to December 2018.
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.