In a pre-Series B investment round, mortgage brand LoanKuber was able to secure $3m. undefined Pace of this investment was led by the current investor, namely Inflection Point Ventures while the other was Singapore-based TRTL VC. Other notable personalities present included Angel investors as well as LetsVenture, Mavuca Capital and Auxano.
With the fresh capital infusion, LoanKuber will strengthen its executive team, enhance technological framework, and scale up the AUM. The company expects AUM to be around Rs 180 crore in the next year.
LoanKuber was established by Saurabh Nagpal in the year 2017 with the purpose of supporting the budding micro, small and medium enterprises (MSMEs) by providing mortgage loan solutions tailored to their needs. The creative strategy involves developing an automated institutional co-lending model for microloans so that businesses can offer affordable prices to customers and generate higher returns for investors.
They are effective acquisition channels that include low-cost branches, a digital connector platform, and a lead generation platform through which LoanKuber has reduced the client acquisition expenses to 30%. The company has been profitable since its creation due to its unit economics, efficient capital use, and frugal practices.
The company is poised for growth and has the appetite for achieving its ambitious growth plans, as it has a net worth of around Rs 51 crore.
