Exclusive: Loanbaba.com Gets $320K In Angel Funding

Mumbai-based Sahas Technologies Pvt Ltd, which operates consumer lending marketplace Loanbaba.com, has raised $320,000 in seed funding from an unnamed angel investor.

The funds will be utilised for technology enhancement and marketing, Sanket Hasabnis, Loanbaba.com’s co-founder and CEO, told Techcircle.in. He added that the unnamed investor is the MD & CEO of a listed Indian company.

Loanbaba was founded in August by Sanket and Satchit Hasabnis.India’s fin-tech space has become a preferred one for venture capitalists and young entrepreneurs. There is heightened investor interest in this sector as several startups are using technology to disrupt the country’s current systems of lending, borrowing, personal finance and financial inclusion.Consumer lending marketplace Loancircle.in recently raised an undisclosed amount in angel funding from Toppr.com co-founder Zishaan Hayath, Trifecta Capital MD Rahul Khanna and other investors

Source : techgignews.com