Private Equity

Angel Investments

Mortgage platform for micro-SMEs LoanKuber raises $1.25 M from LetsVenture, AngelList, others

MyBigPlunge  

LoanKuber, a digital mortgage platform for micro-SMEs, has raised USD 1.25 million as part of its ongoing Pre-Series A round. The round saw participation from LetsVenture, AngelList India and Accolade. Prior to this round, LoanKuber had raised USD 1 million in 2018. LoanKuber, founded in 2016, provides customized mortgage loans to the underserved MSMEs based on its proprietary underwriting algorithms. It provides mortgage loans between INR 3 to INR 10 lakh. The company would use the proceeds towards expanding the team, enhancing tech stack and for growing the assets under management to INR 75 crore in the next 12 months