MUMBAI: Small businesses-focussed mortgage lender LoanKuber has raised Rs 13 crore in a pre-Sequence-A funding spherical led by Lets Enterprise and Inflection Level Ventures. LoanKuber will use the proceeds to rent extra expertise, improve the prevailing tech stack and develop the mortgage e book, an announcement stated.
It’s an automatic platform, enabling mortgage lending micro-SMEs in opposition to owned residential collateral. The automated platform allows it to lend with bigger monetary establishments, permitting them to be a low-cost mortgage lender to regional MSME lenders.
LoanKuber is at the moment operational in 10 cities throughout NCR, its founder Saurabh Nagpal stated.
It’s an automatic platform, enabling mortgage lending micro-SMEs in opposition to owned residential collateral. The automated platform allows it to lend with bigger monetary establishments, permitting them to be a low-cost mortgage lender to regional MSME lenders.
LoanKuber is at the moment operational in 10 cities throughout NCR, its founder Saurabh Nagpal stated.
Supply: Times of India