Loantap secures $6.2 million in fresh funding from July Ventures and existing investors

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Pune-based digital lending platform Loantap has raised $6.2 million in fresh equity funding led by July Ventures. Existing investors 3one4 Capital, Avaana Capital, Kae Capital and the Swapurna Family Office also participated in the round.

With this, the total capital raised by the company stands at around $45 million.

The fundraise comes at a time when the broader digital lending sector is facing headwinds due to regulatory tightening and a cautious stance from banks and large non-banking finance companies.

The company has pivoted from consumer lending



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Loantap secures $6.2 million in fresh funding from July Ventures and existing investors


Pune-based digital lending platform Loantap has raised $6.2 million in fresh equity funding led by July Ventures. Existing investors 3one4 Capital, Avaana Capital, Kae Capital and the Swapurna Family Office also participated in the round.

With this, the total capital raised by the company stands at around $45 million.

The fundraise comes at a time when the broader digital lending sector is facing headwinds due to regulatory tightening and a cautious stance from banks and large non-banking finance companies.

The company has pivoted from consumer lending



Source link

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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