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.
How will the SC verdict on Aadhaar impact online lending companies?
The verdict will have an adverse impact on loan repayments. “Aadhaar is widely used in fintech ecosystem for contract sign-off, repayment set up and KYC. Loan collection mechanism (repayment set up) will go for major change as Aadhaar linkage to bank would have eliminated need for physical check or electronic clearance form pick up,” says Vikas Kumar, CTO & Co-founder, LoanTap.
Youngistan flocks to digital lending platforms
Digital lending platforms are becoming popular among youngsters who are in urgent need of money and prefer a paper-less process for sharing documents.
Healthfin gets Rs 3.43-crore booster shot
Healthfin, which provides instant loans to patients who might not have medical insurance, intends to scale up operations with the new funds, seek more partnership with hospitals and strengthen its technology platform. “We are targeting nine cities from
LoanTap raises Rs 43 crore, equity funding round led by Shunwei Capital
Digital lending company LoanTap has raised $6.25 million (Rs 42.83 crore) in an equity funding round led by Beijing-based venture capital firm Shunwei Capital.
Wallet is dead. Long live lending.
This is a story of two parts. Two dramatically different parts. Playing out in almost real time.First came the surprise bonanza: demonetisation. Then, even before the party could run its course, came the gigantic buzzkill: mandatory KYC. In the heady days of demonetisation, Paytm, Mobikwik, Freecharge, et al spent millions buffing up their brand, each claiming to be the
Borrow to pay security deposit on rented house
Thousands of youngsters who are part of the mobile workforce that frequently shifts from city to city according to job needs, LoanTap has come up with an innovative rental deposit loan. The minute the tenant has finalized the rent with the landlord, LoanTap extends rental deposit loans to make the security deposit on behalf of the tenant. The loan amount ranges from Rs 1 - 5 lakh for a tenure of 11 to 33 months, depending on the lease rental agreement.
Personal loan, credit card or credit line? Here's how to choose between them
In situations of buying consumer good and to fund travel too, taking a personal loan or swiping of a credit card comes to mind. While they are a popular option, one may also consider taking a credit line loan, which is somewhat similar to a personal loan and yet has its own differentiating features.
Fintech startups like Lendingkart, KredX move towards hybrid lending model
The fact that we are a regulated NBFC and have skin in the game gives our partner institutions a great deal of comfort in the strength of our underwriting processes, as well as compliance with key norms such as KYC (know-your-customer)