Quicklend, a Bengaluru-based secured lending platform, has successfully raised Rs 6.75 crore (approximately $774K) in its pre-seed funding round. The round was led by Inuka Capital, Eximius Ventures, Upsparks Capital, GrowX, along with a group of strategic angel investors. This funding will be pivotal in scaling the company’s operations, boosting its technological capabilities, and introducing innovative features that aim to redefine the lending landscape.
Founded by Arunkumar Jadhav, Abhishek Uppala, and Raghuram Trikutam, Quicklend specializes in providing fast, transparent, and simple lending solutions for borrowers, while simultaneously offering lenders advanced tools for portfolio management. The platform focuses on empowering borrowers with easy access to funds, while ensuring a seamless and secure lending process.
A key feature of Quicklend’s offering is its Loan Against Mutual Funds (LAMF) product, which allows users to borrow money by pledging their mutual fund units as collateral. This asset-backed loan is designed to provide financial flexibility to borrowers, offering the convenience of a fully digital process, in collaboration with Bajaj and several leading non-banking financial companies (NBFCs).
With this fresh capital, Quicklend plans to significantly invest in research and development, enabling the company to introduce more customer-centric solutions and innovative features, ultimately reshaping the future of lending in India.
