VC Fund Investments
Lender against mutual funds Yenmo raises Rs.9.2 Cr led by Y Combinator
Bengaluru-based Yenmo , a fintech company offering instant loans against mutual funds, has raised INR 9.2 crore in a funding round led by existing investor Y Combinator, with participation from Pioneer Fund, Zaka VC, and global angel investors.The firm plans to use the funding to expand its product offerings with new lending options, including loans against stocks and a savings account feature. It also aims to enhance its digital platform for a 10-minute loan process, drive market growth and scale operations by strengthening infrastructure and team capabilities.Yenmo plans to expand to secured credit over stocks, insurance, and digital assets.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
