FinBucket raises Rs 12cr from Impanix capital to expand its market footprint
FinBucket.com,
a Loans & Investments marketplace, has raised INR 12 Crore from Impanix Capital.
FinBucket platform helps to
connect lenders and borrowers in India more efficiently by providing a
user-friendly experience for consumers and leveraging a broader set of data
than has traditionally been available to financial institutions in the market.
FinBucket currently offers personal loan,
home loan,
business
loan, credit
card & mutual
funds. Their unique match
machine algorithms increases the chances of loan approval by connecting
consumers to the right lending partner.
FinBucket intends to use these funds in the growth of their business and reaching out people who are need in need of secured loans as well as of unsecured loans. FinBucket is dedicated to serve their customer during the entire loan process and help them in each step through the whole procedure. FinBucket also plans to foray into insurance products including life insurance, health insurance & car insurance
FinBucket intends to use these funds in the growth of their business and reaching out people who are need in need of secured loans as well as of unsecured loans. FinBucket is dedicated to serve their customer during the entire loan process and help them in each step through the whole procedure. FinBucket also plans to foray into insurance products including life insurance, health insurance & car insurance
The firm will use the funds to expand its team from the current 55+
to more than 200 and set up full service offices in metro cities. It also
intends to improve its technology platform.
"We, at FinBucket help businesses in getting flexible loans
in a simple and capable way and are open to all financial institutions to lend
from us" said Parit Garg, co-founder of FinBucket.
"Our aim is to invest this money in building our technology
and operational team. We will focus on the unserved segment of the market e.g.
people who are not getting loans because of poor or no credit score. We will
scale-up the team to 200 people over the next 6 months," said Heena Jain,
Co-founder of FinBucket.
With the fund raise, FinBucket has started hiring a management
team from top consulting firms and other large tech startups to build its loan
offering stronger. The startup has also brought senior finance veteran, Mr. Rk
Jain, as an advisor on board.
The company has already set up a 24x7 free helpline service where
all the people who need loans whether for business purpose or personal reasons
can get in touch with experts and resolve their queries related to it.
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