Fintech platform LoanAdda raises funds from ah! Ventures

Posted on May 7, 2020 by ah! Ventures


Fintech lending platform LoanAdda, offering small-ticket loans via its mobile app and website, has raised an undisclosed amount through ah! Ventures High Tables platform. PRAAK Investments LLP and Ratnaafin Group, Ahmedabad participated in this round. This is ah! Ventures 56th investment.

Founded in 2015 LoanAdda lends to a segment of people known as thin file and has its own proprietary underwriting software “LoanSwift”. The company has end-to-end solution of lead origination, credit underwriting and collections over a bundle of APIs (Application Program Interface).

“We’re the largest distribution platform for unsecured loans in Tier 2 & 3 towns and one of lowest NPAs for co-lending product for digitally underwritten loans by leveraging technology. During lockdown and post Covid 19 situation when loans will have to be remotely assessed, disbursed and collected, our pan India distribution platform in over 550 towns and cities has played a crucial role in giving confidence to lower segments that they too can access funds online. As a provider of digital lending it is very well-placed to benefit from the continuing adoption of digital finance channels by Indian households and companies,” said Anshuman Mishra – Founder, LoanAdda an INSEAD and IIFT alumni.

The funds will be used for developing the tech stack and data science to expand online acceptance and to build its product capabilities by adding high-quality talent to the team and hence scaling up lending volumes.

Due to LoanAdda’s focus on new to banking sectors, the company revolutionized the industry by having consecutive years of profitable business model. LoanSwift, the proprietary machine-learning platform developed specifically for credit underwriting, analyses diverse data points to build a risk profile of the customer. Due to its multifocal approach, the risk score has helped in better credit decisioning and lower NPAs.

Amit Kumar, Partner at ah! Ventures said “Unsecured Lending will have enhanced potential especially in the immediate future and medium term. This is attributed to challenges posed by the on-going pandemic and it’s effect on the liquidity. The market opportunity and the efficiency with which the founding team has scaled the business so far, made the process of investment decision a lot easier. We are delighted to be a part of their exciting journey.”

Anshuman Mishra – Founder, LoanAdda ( / +919717802081


About ah! Ventures

ah! Ventures is India’s only curated and the largest fundraising platform for early stage startups raising up to US$ 10 Mn. ah! Ventures has two platforms: angel platform, which helps startups raise upto US$ 1 Mn and high tables platform, which helps startups raised US$ 1-10 Mn. Today ah! angel and high tables platforms have over 61000+ entrepreneurs, 2000+ seed/angel investors and over 1000 VCs & institutional investors registered with it. ah! angel and high tables platforms till date have invested close to INR 170 Cr (~ 25 MN USD) in over 41 startups and 56 investments and have announced 6 profitable exits &3 acquisitions

Partner and Deal Lead contact: Amit Kumar,

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