- LoanKuber is a digital-first mortgage platform.
- Inflection Point Ventures participates in the round led by LetsVenture.
- IPV announces LoanKuber as its 44th deal for 2021; On track to invest Rs 155 crore across 60+ startups by the year end.
- IPV has invested in 104 deals so far, with Rs. 316 crore investments done till date.
Mitesh Shah, Co-Founder, Inflection Point Ventures says, “LoanKuber is solving a big problem of lending in India. We know that banks are not designed to lend to a majority of the population who often fall in the trap of shady loan apps or sharks who levy high interest rates and indulge in unethical practices. By digitizing the entire lending process, they have the ability to bring a large no. of loan seekers into a formal credit system and help them build a credit history. We believe MSME lending is still an untapped market and LoanKuber has built the right tech stack to roll out their services for this segment.”
 |
| Saurabh Nagpal, Founder, Loankuber |
LoanKuber is a digital-first automated mortgage platform enabling mortgage lending Micro-SMEs against owned residential collateral. The automated platform enables LoanKuber to lend with larger financial institutions, allowing them to be the lowest cost mortgage lender by having diversified and lowest cost of capital compared to regional MSME Lenders.
LoanKuber has an experienced management team with combined 60 years of experienced in mortgage lending in NCR and is currently operational in 10 cities across NCR (Delhi, Gurgaon, Noida, Faridabad, Pilkhuwa, Hapur, Sonipat, Muradnagar, Baghpat and Modinagar).
Saurabh Nagpal, Founder, LoanKuber is an alum of IIT Delhi and New York University. He has 15 years’ experience across Computational Finance/ mortgage lending / high yield credit in US and Indian Markets. He started his career in Emerging Market Mortgages in New York and has led more than $1 billion financing transactions across residential and commercial mortgages. He shares, “IPV Investor community has CXO’s with vast experience in financial services and technology making them the ideal partners in our strategic vision of building transformative mortgage platform for the MSMEs.”
About Loankuber
LoanKuber was founded in the year 2017 by Mr. Saurabh Nagpal, IIT Delhi Alumni and Courant Loankuber is solving the US$200 billion mortgage financing gap for Micro-SMEs through a transformative digital first mortgage platform.About Inflection Point Ventures
Inflection Point Ventures is an angel investing platform with over 5600 CXOs, HNIs and Professionals to together invest in start-ups. The firm supports new-age entrepreneurs by providing them monetary & experiential capital and connecting them with a diverse group of investors. IPV, started in 2018 believes that ‘Everyone can Grow with Startups’ as it plans to invest INR 155 Cr in 2021 across 60 start-ups.
Advertisements