LoanTap | Pixr8 News

30Sep By AnkitaNo Comments

FUNDING

LoanTap Raises $12 Million in Funding Round

Digital lending firm LoanTap raises $12 million in series-B funding round, led by Avaana Capital. The current round also saw participation from existing investors, 3one4 Capital, India Quotient, Shunwei Capital and KaeCapital, a statement said. The platform offers customised personal loans such as rental deposit loan and holiday loan to white-collared salaried professionals in India. "LoanTap has created a strong technology backbone which offers a superior customer experience. We tripled our loan book last year and the current round of funding will further fuel this growth," LoanTap Chief Executive Officer and co-founder Satyam Kumar said. The firm claims to have turned profitable within two years of operations. With this round of funding, LoanTap has raised a total of USD...

7Jul By Gauri SinghNo Comments

FUNDING

Funding Of The Week (2nd July – 7th July)

This week witnessed a number of funding activities and a few startups secured a considerable amount from various investors. Among all the fundraisers this week, Automation Anywhere raised the highest amount of funds amounting to $250 million. Funding is a major part of growth and expansion for a company. It is the backbone of the business plans and strategies. Without funding, a company cannot even think of taking up any major business steps. Many other companies also were a part of funding this week and here we have a list of them: 1) Automation Anywhere: (Funding link: https://goo.gl/a7YkwQ) The cognitive robotic process automation platform called Automation Anywhere has secured an amount of $250 million in a funding round led by New En...

Online Lending Platform LoanTap Raises $6.25 Million Funds

5Jul By Gauri SinghNo Comments

FUNDING

Online Lending Platform LoanTap Raises $6.25 Million Funds

Online lending platform ‘LoanTap’ has successfully secured an amount of $6.25 million (Rs 42.83 crore) in an equity funding round. The round was led by Shunwei Capital, which is a Beijing-based venture capital firm. Apart from Shunwei Capital, the funding round also witnessed the participation of Tuscan Ventures (Mumbai-based private investment company) and Ashish Goenka (owner of Suashish Diamonds) along with existing investors such as India Quotient and Kae Capital. “Our plan is to leverage the Rs 40 crore that we have raised by four to five times to source around Rs 200 crore from lending institutions, which will be used to lend out to more consumers,” said Satyam Kumar, co-founder of LoanTap. Founded in 2016 by Satyam Kumar and Vikas Kumar, the fintech firm LoanTap offers several ...

Fintech Startup LoanTap Raises Rs 26 crore For Business Expansion

24Jun By AdityaNo Comments

FUNDING

Fintech Startup LoanTap Raises Rs 26 crore For Business Expansion

LoanTap Financial Technologies today said it has raised USD 4 million (about Rs 26 crore) in second round of funding, which will be invested in software and expand its footprint in tier 2 and 3 cities. "LoanTap Financial Technologies, an online personal loan company with in-house NBFC, has announced closing of its second round funding at USD 4 million," the company said in a statement. Post funding, LoanTap aims to bolster collection features in its software, besides reaching out to Tier 2 and Tier 3, major capital cities and business hubs. The fund raising round comprises of a mix of equity and debt instruments from Kae Capital, India Quotient, IFMR and MAS Financial Services Ltd. "Equity infusion to the platform was led by Kae Capital with participation from its existing inve...

Fintech Firm LoanTap Raises $3 mn From HNIs

29Aug By PriyankaNo Comments

FUNDING

Fintech Firm LoanTap Raises $3 mn From HNIs

Fintech platform LoanTap today said it has secured USD 3 million in a first strategic round of funding (Series A) from high net worth individuals (HNIs) Abhishek Pandey and Jaysukh Sapra. LoanTap said nearly 85 per cent of the funding, which was led by Mumbai-based HNIs, will be used for onward lending by the platform, while a part of the remaining capital will also be used to augment its technology and distribution frameworks. Further, LoanTap will be leveraging the raised capital to expand its operations in NCR, Mumbai Metropolitan Region, Pune and Bangalore, it said. LoanTap has an inhouse NBFC platform delivering flexible EMI-free loan and overdraft products to salaried professionals. Headquartered in Mumbai with the back office in Pune, LoanTap follows an agency-based coll...