Loan Frame Technologies Pte Ltd, a Gurgaon, India-based small business lending marketplace, raised $2.25m in seed funding.
The round was led by Vedanta Capital with participation from Willian Campbell and Toos N Daruvala.
The company intends to use the funds for platform development and hiring new people.
Co-founded in 2015 by Shailesh Jacob, Rishi Arya, and Akshun Gulati, Loan Frame provides small and medium-sized businesses (SMBs) with a range of loans. The company, which leverages machine learning to assess and match borrowers with the right product, against property, provides unsecured, secured, working capital, equipment, cash and non-cash, and e-commerce merchant loans.
FinSMEs
11/01/2017