LoanKuber is a fintech platform that provides mortgage-based financing solutions to small and medium businesses. The startup secured 3.5 million USD in its pre-series B funding round from Inflection Point Ventures and TRTL VC. This round was a mix of debt and equity funding. The funding round saw the participation of LetsVenture, Mavuca Capital, and Auxano with the participation of angel investors like the co-founder of 1mg Prashant Tandon, C-founder of Clovia Panaj Verma, and Acko’s co-founder Ruchi Deepak.
The startup plans to use these fresh proceeds to scale its assets under management, enhance its platforms, improve its tech stack, expand its workforce, and advance its financial services network. The company aims to develop an AUM of Rs 180 crore by the next year. The digital fintech platform offers various loaning options. The platform provides an online marketplace for commercial mortgage loans to MSMEs. The company intends to strengthen its market presence while increasing its customer reach across India. LoanKuber previously secured $2.5 million in its conventional debt funding round from AU Small Finance Bank along with the participation of Northern Arc Capital, and other investors. The platform uses a credit system that filters and reviews loan applications to create a low-risk profile.
The fintech startup solves the challenges in borrowing during the loaning process through the platform. The company wants to make financial services easily accessible, and transparent to everyone. The development came just after the Indian fintech sector gained huge investments from investors. LoanKuber Competes with other loan lending platforms like Exporo, NAKAD, lending Kart, and others. According to Inc42, the lending segment in the fintech sector is expected to increase and this segment stood at 270 USD million in FY22.
The Delhi startup operates its services in various parts of India with the help of banking and financial partners. The data intelligence platform, traxcn mentioned that the firm secured around $10.4 million across 11 rounds since its inception, including the fresh funding round. The company had a post-money valuation of $23.8 million as of July 2024. The startup reported its annual revenue of Rs 8.99 lakh on May 31, 2023. The investment shows the investor’s trust in the market potential and business model of LoanKuber.
Conclusion:
LoanKuber is a fintech startup based in Delhi that secured $3.5 million in its pre-series B funding round from the participation of Inflection Point Ventures, TRTL VC, and other angel investors including 1mg, Acko and Clovia’s cofounders. The company intends to use this fresh capital to expand its teams, scale its operations, and expand its services. The digital loaning platform provides various lending services and uses technology to provide essential financing solutions. The company aims to achieve an AUM of Rs 180 crore in the next 12 months. The development came just when the Indian fintech sector saw increased investor interest. The fintech startup faces competition from other companies in the same segment including Kredmint and NAKAD.
