Wednesday, September 29, 2021
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Home loans fintech platform Easiloan raises Rs 8 crore from Tomorrow Capital

Easiloan, an AI-enabled platform for residence loans, has raised Rs 8 crore from Tomorrow Capital.

The beginning-up goals to make the most of these funds for constructing additional on their digital-only product, buyer acquisition channels and activating new markets.

“Whereas Fintech in India has disrupted each different mortgage product, residence mortgage continues to stay unchanged. Not solely are we managing the house mortgage course of finish to finish, our tech is making certain that key stakeholders such because the lender, developer and borrower work together via our platform thus making certain an environment friendly course of. With help from Tomorrow Capital, our focus shall be to scale up into new markets and buyer acquisition channels, and additional enhance our product expertise,” mentioned Pramod Kathuria, co-founder and CEO, Easiloan.

Easiloan gives an all-digital front-end to banks from sourcing to onboarding to finishing credit score value determinations for the house mortgage software.

The Easiloan platform makes choice and software for loans extraordinarily straightforward and quick for patrons, reduces the time taken to course of the house mortgage software and will increase conversion for builders and banks.

The beginning-up has serviced over 750 profitable mortgage sanctions and is working with the highest 15 banks and housing finance corporations available in the market, like HDFC Ltd,

, LIC, Axis Financial institution, SBI, PNB HF, to call just a few.

“Easiloan’s present traction validates our thesis across the gaps that exist within the residence mortgage course of. Whereas the founders are centered on going deeper into residence loans and fixing this via tech, they’re additionally conscious of the potential worth that lies in buying and servicing the shoppers for a house mortgage after which nurturing them for all their lending wants for a lifetime,” mentioned Rohini Prakash, CEO, Tomorrow Capital.

The fund has put aside a corpus of Rs 100 crore as a recent spherical of investments in new age start-ups, over the subsequent 12 months.

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