WonderLend Hubs raises $1.6m in a seed round

By Leandra Monteiro

WonderLend Hubs, a NoCode PaaS solutions provider has raised $1.6 million in a Seed Round led by Inflection Point Ventures.

The funds will be utilised for completing its platform as a service transformation, strengthening sales and marketing, and building a delivery excellence framework to be able to grow the business at scale.

Designed and deployed in an affordable “pay as you use” microservices API architecture, its LPaaS caters to enterprises as well as newly born lenders & originators, driving lending innovation via new product/variant-launches, or accelerating existing products, particularly in under-served segments, whilst its ICM PaaS caters to automating channel incentive management for enterprises.

Rajesh Iyer, Chief Executive Officer said, “We believe that we have struck the right intersection of technology, delivery model, and pricing in our domains and target segments. We have achieved market validation and significant business traction with a bevy of marquee clients, especially in the BFSI domain. In IPV, we found a partner who not just believed in our story but helped us see a bigger opportunity than we had envisaged. We are privileged to have someone of IPV’s pedigree as our earliest investors as we look forward to growing not just in India, but globally.”

WonderLend Hubs’ LPaaS functions as an integrated ‘credit gateway’ enabling even small & medium-sized lenders/loan originators to rapidly launch/scale a range of consumer and small business lending products like vehicle loans, personal loans, MSME loans, retailer finance, home loans, buy now pay later (BNPL), etc. It’s ICM PaaS drives bottom line and topline benefits for enterprises by functioning as an agile and dynamic automation solution that future-proofs their variable sales compensation strategy. The architecture & capabilities offered by the firm has very wide custom-configuration capabilities at affordable price points.