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Quicklend, a secured lending platform, has raised Rs 6.75 crore (around $774K) in its pre-seed round led by Inuka Capital, Eximius Ventures, Upsparks Capital, GrowX and a group of strategic angel investors.
The startup plans to use the funds to expand its operations, improve its technology and introduce new features to transform the lending experience. A large portion of the funds will be spent on research and development.
Read also- Ola Founder Bhavish Aggarwal Launches Krutrim AI Labs With Rs 2,000 Cr Investment
About Quicklend
Founded by Arunkumar Jadhav, Abhishek Uppala and Raghuram Trikutam, the Bengaluru-based Quicklend provides quick, clear and simple lending solutions for borrowers, while giving lenders advanced tools to manage their portfolios.
It also launched its Loan Against Mutual Funds (LAMF) product in partnership with Bajaj and several well-known NBFCs.
LAMF allows borrowers to take out a loan by using their Mutual Fund units as collateral. Like other asset-backed loans, it offers financial flexibility with the added benefit of being completely digital.
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