A $2 million Series A investment headed by Inflection Point Ventures has been obtained for the mortgage marketplace LoanKuber. Accolade Holdings, LetsVenture, Family offices, and angel investors including Prashant Tandon, Pankaj Vermani, and Vishal Gupta also participated in the round.
According to a news statement from LoanKuber, the firm intends to utilise the capital to provide accessible mortgage solutions for micro-SMEs, recruiting, technical infrastructure, and operations.
LoanKuber, a company founded in 2017 by Saurabh Nagpal, offers specialised mortgage loans to deserving MSMEs. According to its promises, it would develop an automated platform for institutional co-lending on micromortgages that will enable competitive pricing for the final consumer while producing noticeably greater rates for its own NBFC balance sheet.
In order to cut client acquisition expenses by 30%, the business has developed hybrid acquisition channels that comprise a digital connector platform, a lead-generating platform, and low-cost branches.
Since its founding, LoanKuber claims that it has placed a major emphasis on unit metrics, capital efficiency, and cost-effective operations. As part of its expansion strategy, the business seeks to amass an AUM of Rs 200 crore over the next 15 months.
Using a revolutionary digital first mortgage platform and a co-lending business model with other NBFCs, LoanKuber says it can close the $200 billion mortgage funding gap for micro-SMEs.
A $50 million CAT 2 AIF Physis Capital was created by Inflection Point Ventures last year to fund investments in pre-Series A through Series B growth-stage firms.
