Mumbai based startup Loanbaba.com that created a marketplace for lenders has raised $320,000 (Rs 2.1 crore) in seed funding from an unnamed angel investor. Loanbaba is owned by Mumbai-based Sahas Technologies Pvt Ltd
How will Loanbaba use these angel funds?
The funds will be utilised for technology enhancement and marketing,
LoanBaba is an online portal that allows users to compare and apply for financial products such as home loans, personal loans and car loans. The startup has tie ups with NBFCs and banks.
Sanket Hasabnis (Finance background before Startingup)
Satchit Hasabnis (Finance background before startingup)
Other Startups in this Space
Trends in Financial Technology Sapce-India
There's great investor interest in this sector as several startups are using technology to disrupt the country’s current systems of lending, borrowing, personal finance and financial inclusion.
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