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.
OneAssist Raises $18M in Series C; VoxWeb Gets $1M; LoanTap Bags $4M & ExploreLifeTraveling Secures Seed Funding
The equity infusion of Rs 10 crore was led by Kae Capital with participation from LoanTap’s existing investors including India Quotient. The rest of the capital came in the form of debt from IFMR, Muthoot Finance and MAS Finance. The startup which was launched in May last year, had earlier raised $3 million.
Read Founders’ Views on Government's Recent Announcement on the Ban of Rs.500 and 1000 Currency Notes
Biggest gamble by Mr . Modi , banning Rs 500 n Rs 1000 notes. What happens to Bharat with 46% unbanked population? Is #rbi geared for this, will it derail manufacturing recovery which is in early stage? Is #indianbanking prepared? Will #namo bite the dust this time?