Digital lending platform LoanTap has announced its acquisition of Unofin, a fintech startup that provides technology solutions for the lending industry. The deal will allow LoanTap to expand its product offerings and strengthen its position in the digital lending space.
LoanTap, which was founded in 2016, offers a range of lending products, including personal loans, home loans, and education loans. The company uses technology to streamline the lending process and provide quick and convenient access to credit for its customers.
With the acquisition of Unofin, LoanTap will be able to enhance its technology capabilities and offer more innovative products to its customers. Unofin’s technology solutions, which include credit underwriting and risk assessment tools, will be integrated into LoanTap’s platform, making it even easier for customers to access credit.
The acquisition comes at a time of rapid growth in the digital lending space, as more consumers turn to online platforms for their borrowing needs. LoanTap has been at the forefront of this trend, with a focus on providing flexible and affordable lending options to its customers.
The acquisition of Unofin is expected to further accelerate LoanTap’s growth and cement its position as a leader in the digital lending space. The two companies share a commitment to using technology to simplify the lending process and provide better customer experiences.
Commenting on the acquisition, Satyam Kumar, CEO and co-founder of LoanTap, said, “We are excited to welcome the Unofin team to the LoanTap family. This acquisition will help us strengthen our technology capabilities and accelerate our growth. We look forward to working together to provide even better lending products and services to our customers.”
Overall, the acquisition of Unofin is a positive development for LoanTap and the digital lending industry as a whole. With the integration of Unofin’s technology solutions, LoanTap will be well-positioned to continue its rapid growth and provide even better lending options to its customers.