Digital lending platform Abhi Loans raised $4.5 million led by DMI Sparkle Fund

August 17, 2022

, By Sarika Parmar

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Digital lending platform Abhi Loans raised $4.5 million in a mix of debt and equity round led by DMI Sparkle Fund where other prominent angel investors such as Niten Malhan, Ashvin Chadha, S K Jain, among others also participated.

The unique selling point of Abhi Loans is the quick approval and disbursement of loans secured by securities pledged as collateral. It is also entering the market with loans secured by stock and mutual funds. The new funds will be used for technology development and loan book expansion, according to the company. With its product Abhi Loans, KNAB Finance is creating a digitally distributed and secure loan ecosystem. Lending technology is expected to account for 47% ($616 Bn) of India’s overall fintech market opportunity by 2025, growing at a CAGR of 31% between 2021 and 2025.

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Digital lending platform Abhi Loans raised $4.5 million led by DMI Sparkle Fund

August 17, 2022

, By Sarika Parmar

Digital lending platform Abhi Loans raised $4.5 million in a mix of debt and equity round led by DMI Sparkle Fund where other prominent angel investors such as Niten Malhan, Ashvin Chadha, S K Jain, among others also participated.

The unique selling point of Abhi Loans is the quick approval and disbursement of loans secured by securities pledged as collateral. It is also entering the market with loans secured by stock and mutual funds. The new funds will be used for technology development and loan book expansion, according to the company. With its product Abhi Loans, KNAB Finance is creating a digitally distributed and secure loan ecosystem. Lending technology is expected to account for 47% ($616 Bn) of India’s overall fintech market opportunity by 2025, growing at a CAGR of 31% between 2021 and 2025.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

TN Government is urged by the Esports Players Association to not combine skill games with gambling

Next News

Dubai’s largest lender is looking for startups to join the metaverse craze

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