Optimo Capital, India’s only digital Loan Against Property (LAP) fintech-NBFC, has raised ₹150 crore ($17.5 million) in its Series-A funding round led by founder Prashant Pitti, along with existing investors Blume Ventures and Omnivore.
The Bengaluru-based company will use the fresh capital to strengthen its AI infrastructure, expand co-lending partnerships, and scale its presence across Tier-3 cities in India — addressing the nation’s $530 billion MSME credit gap.
Democratizing Property-Backed Lending for MSMEs
India has nearly 4.8 crore small-business owners, 75% of whom lack formal credit histories, making it difficult to secure business loans. Yet, most own valuable assets such as homes or shops. Optimo enables these entrepreneurs to leverage property as collateral and access higher loan amounts at significantly lower interest rates compared to unsecured loans.
Using AI-driven property valuation and digital land record mapping across 77 lakh plots, Optimo provides in-principle loan approvals within hours and disburses funds in less than a week — a process that traditionally takes four to six weeks.
In just 18 months, Optimo has built a ₹350 crore loan book, expanded into 56 cities across Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Madhya Pradesh, and assembled a team of 480 professionals. Notably, the company achieved profitability within three months of inception and has remained profitable for over 15 months — a rare feat in the fintech lending space.
Unlocking India’s Hidden Wealth
“Optimo is unlocking India’s biggest asset — its land and property — by allowing owners to quickly get secured loans just by WhatsApping us at 7996.796.796,” said Prashant Pitti, Founder & MD of Optimo Capital. “India’s mortgage-to-GDP ratio is only 9%, compared to over 50% in developed nations. We’re enabling Indians to turn their wealth into growth capital.”
Ashish Fafadia, Partner at Blume Ventures, added: “Prashant’s disciplined execution is rare in financial services. Optimo is building the blueprint for higher-amount, affordable, property-backed loans — the future of secured lending in India.”
Reihem Roy, Partner at Omnivore, said: “The mid-ticket LAP market is a ₹22 lakh crore opportunity, with only 28% currently being served. Optimo’s tech-first model is perfectly positioned to bridge that gap.”
Optimo has also raised ₹110 crore in debt from IDFC and Axis Bank, with plans to onboard several PSU banks and large NBFCs as co-lending partners soon.
