LoanKuber raises $2m led by Inflection Point Ventures

By Leandra Monteiro

LoanKuber, a digital mortgage platform for Micro-SMEs, has raised $2 million as part of its ongoing Series A round led by Inflection Point Ventures.

The round also saw participation from Accolade Holdings, LetsVenture, Family offices, and Marquee Angel Investors including Prashant Tandon, Pankaj Vermani, and PE Veteran Vishal Gupta. The funds will be used to rapidly scale AUM, improve the existing technology stack as well as build and expand the team.

Mitesh Shah, Co-founder, Inflection Point Ventures said, “Over last year, LoanKuber has successfully built an extremely capital efficient and profitable business. We’re deeply impressed by the LoanKuber Team and their meticulous execution. We have invested in the Company from their Pre Series A stage and continue to back their vision as they grow at a healthy rate and address a huge financing gap which exists today in the Indian MSME sector.”

Loankuber has built an automated institutional co-lending platform for micro-mortgages allowing for competitive pricing to the end customer while generating significantly  higher yields on its  own NBFC balance sheet. The company has created hybrid acquisition channels that include a digital connector platform, lead generation platform, and low-cost branches reducing customer acquisition costs by 30%.

A strong focus on unit metrics/capital efficiency and frugal operations has helped LoanKuber build a profitable business from inception. The company aims to build an AUM of INR 200 crores in the next 15 months as part of its expansion plan.

Saurabh Nagpal, CEO, LoanKuber said, “The funds will be used to further fuel our mission of offering innovative and affordable mortgage solutions to micro-SMEs and the next half billion Indians. The current fundraising will help us further invest in the team, technology, and operations to fulfill our mission.  We are not just building a mortgage lending business; we are also transforming the lives of the Next 500 million people by unlocking the economic value of semi-urban and rural properties with our mortgage solutions.”