LoanTap raised $2.9 million in debt funding led by Lighthouse Canton

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Lendingtech startup LoanTap raised $2.9 million in debt funding led by Singapore-based global investment platform Lighthouse Canton. The investment firm’s share in this round stands at INR 15 Cr.

LoanTap provides personalised personal loan products. It has an RBI-registered NBFC in-house. The new funding will be used to scale the startup’s digital lending services on the LoanTap LTFLoW platform with its in-house NBFCs and co-lending partners. According to an Inc42 report, the country’s fintech industry is anticipated to cross the $1.3 Tn mark by 2025, growing at a 31% CAGR by 2025. Of this, lending tech is a sub-sector that will capture 47% or $616 Bn by 2025.

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LoanTap raised $2.9 million in debt funding led by Lighthouse Canton

Lendingtech startup LoanTap raised $2.9 million in debt funding led by Singapore-based global investment platform Lighthouse Canton. The investment firm’s share in this round stands at INR 15 Cr.

LoanTap provides personalised personal loan products. It has an RBI-registered NBFC in-house. The new funding will be used to scale the startup’s digital lending services on the LoanTap LTFLoW platform with its in-house NBFCs and co-lending partners. According to an Inc42 report, the country’s fintech industry is anticipated to cross the $1.3 Tn mark by 2025, growing at a 31% CAGR by 2025. Of this, lending tech is a sub-sector that will capture 47% or $616 Bn by 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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