Total amount raised
$27.3 Million
Latest funding date
02/01/2023
Location
LoanTap has successfully navigated 11 funding rounds, with its latest being a Series C round. The platform is backed by 18 investors, including notable names like July Ventures and Kae Capital.
LoanTap's innovative approach to providing flexible loan products has led to the acquisition of Uno Finance. Keep reading to explore the intricacies of LoanTap's fundraising journey and the investors backing this dynamic platform.
What Is LoanTap?
LoanTap is a dynamic online platform based in Pune, Maharashtra, India, specializing in financial services, fintech, lending, and software. The company is dedicated to providing flexible loan products tailored to the needs of salaried professionals and millennials.
Founded with the mission to innovate in the loan segment, LoanTap employs the latest technology to ensure a seamless customer experience. The company has a workforce of 101-250 employees and has successfully raised funds through 11 rounds, with notable investors like July Ventures and Kae Capital backing its growth.
How Much Funding Has LoanTap Raised?
- Series C
- Amount Raised: USD 6,300,000
- Date: June 2025
- Lead Investors: July Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand LoanTap's product offerings and scale operations.
- Debt Financing
- Amount Raised: USD 2,300,000
- Date: June 2025
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support LoanTap's growth objectives and enhance its lending platform.
- Debt Financing
- Amount Raised: INR 240,000,000
- Date: February 2023
- Lead Investors: Lighthouse Canton
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale and expand the LTFLoW platform.
- Debt Financing
- Date: March 2022
- Lead Investors: BlackSoil
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance LoanTap's lending capabilities and support its operational growth.
- Series Unknown
- Date: January 2022
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop LoanTap's technology and expand its market reach.
- Series B
- Amount Raised: INR 395,000,000
- Date: September 2019
- Lead Investors: Avaana Capital, AVANA Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand LoanTap's product offerings.
- Series B
- Amount Raised: USD 8,000,000
- Date: January 2019
- Lead Investors: 3one4 Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support LoanTap's expansion and enhance its technology platform.
- Series Unknown
- Amount Raised: USD 6,250,000
- Date: July 2018
- Lead Investors: Shunwei Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand LoanTap's market presence and improve its lending solutions.
- Debt Financing
- Date: June 2017
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance LoanTap's financial stability and support its lending operations.
- Series Unknown
- Amount Raised: INR 100,000,000
- Date: June 2017
- Lead Investors: Kae Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand LoanTap's product offerings and scale its operations.
Total Amount Raised: USD 6,300,000
Current Valuation: Not publicly disclosed
Key Investors
- July Ventures
- Details: July Ventures is a venture capital firm that has participated in multiple funding rounds for LoanTap. They are known for their strategic investments in early to growth-stage companies.
- Investment Focus Areas: Early-stage companies, growth-stage companies, various sectors.
- Notable Investments: Not publicly disclosed.
- Kae Capital
- Details: Kae Capital is a venture capital firm focusing on early-stage investments in technology-driven companies. They have been a significant backer of LoanTap.
- Investment Focus Areas: Technology, consumer brands, early-stage companies.
- Notable Investments: HealthifyMe, 1mg, Fynd.
- Lighthouse Canton
- Details: Lighthouse Canton is a global investment firm that led a Rs 24 crore venture debt funding round for LoanTap. They focus on supporting companies with strategic funding through their venture debt fund.
- Investment Focus Areas: Venture debt, growth-stage companies.
- Notable Investments: Not publicly disclosed.
- India Quotient
- Details: India Quotient is a venture capital firm that backs early-stage investments in India. They have supported LoanTap in its growth journey.
- Investment Focus Areas: Consumer brands, social media, technology.
- Notable Investments: ShareChat, Lendingkart, Sugar Cosmetics.
- Avaana Capital
- Details: Avaana Capital is a venture capital firm that invests in growth-stage companies with a focus on sustainability and impact. They have been a key investor in LoanTap.
- Investment Focus Areas: Sustainability, impact-driven businesses, growth-stage companies.
- Notable Investments: Ecom Express, FarEye, AgroStar.
What's Next for LoanTap?
LoanTap is poised to capitalize on the burgeoning demand for tech-driven credit solutions, particularly among salaried professionals and MSMEs. With a robust digital lending platform, the company is well-positioned to expand its offerings in personal finance, supply chain invoice financing, and electric two-wheeler financing. The market potential is substantial, as evidenced by the Rs 1700 crore in loans already facilitated.
Future fundraising opportunities appear promising, given the backing of prominent equity funds and the recent successful venture debt round led by Lighthouse Canton. This financial support will likely enable LoanTap to scale its operations and enhance its technology platform, attracting further investments.
However, LoanTap may face challenges such as intense competition from other fintech companies and traditional financial institutions, as well as regulatory hurdles. Ensuring compliance and managing credit risk will be crucial as the company navigates its growth trajectory.
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