Nov 15, 2015

LOANBABA FINANCIAL SERVICES STARTUP RAISED $320K ANGEL FUNDS

loanbaba.com

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,

About LoanBaba.com
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.

Founded
August 2015

Founders
Sanket Hasabnis (Finance background before Startingup)
Satchit Hasabnis (Finance background before startingup)

Other Startups in this Space
BankBazaar
Apnapaisa
Deal4loans

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.


tags: loanbaba, wiki, fin tech, startup, india, 2015,

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