Quicklend, a Bengaluru-based secured lending platform, has successfully raised Rs 6.75 crore (approximately $774K) in a pre-seed funding round. The round was led by notable investors, including Inuka Capital, Eximius Ventures, Upsparks Capital, GrowX, and a group of strategic angel investors. This fresh influx of capital is set to bolster Quicklend’s operations, enhance its technological infrastructure, and introduce cutting-edge features to improve the lending landscape.

Funding to Drive Technological Growth and Innovation

The pre-seed funds will primarily be directed towards scaling Quicklend’s operations, allowing the company to extend its reach and impact in the lending market. Additionally, Quicklend plans to invest heavily in research and development to refine its technology and offer innovative solutions that can set new standards in the lending sector. The company’s commitment to enhancing its technological capabilities is aimed at ensuring that both borrowers and lenders benefit from seamless, transparent, and secure lending experiences.

Founders and Product Innovation

Founded by Arunkumar Jadhav, Abhishek Uppala, and Raghuram Trikutam, Quicklend is focused on providing fast and transparent lending solutions tailored to the needs of modern borrowers. The platform offers a range of lending products, including tools that empower lenders to manage their portfolios more efficiently. Among the company’s innovative offerings is its Loan Against Mutual Funds (LAMF) product, which allows borrowers to use their mutual fund units as collateral for loans.

The LAMF Product: A Game-Changer in Secured Lending

Quicklend’s LAMF product has been launched in collaboration with Bajaj and a consortium of prominent non-banking financial companies (NBFCs). This product offers a significant advantage to borrowers by enabling them to pledge their mutual fund units as collateral, unlocking liquidity without the need to liquidate their assets. The fully digital nature of the loan process ensures that customers can access funds with minimal hassle, making it a highly attractive option for those seeking financial flexibility.

Expanding Access to Lending Solutions

Quicklend’s focus is on simplifying the borrowing process while providing lenders with robust tools to manage and grow their investments. By leveraging technology, Quicklend aims to transform the lending ecosystem and enhance accessibility for a wide range of individuals. The company’s vision is to bridge the gap between borrowers and lenders, making lending more inclusive, transparent, and efficient.

With its innovative approach to secured lending and the launch of the Loan Against Mutual Funds product, Quicklend is poised to make a significant impact on the lending industry. The recent pre-seed funding will play a crucial role in scaling the company’s operations and expanding its technological capabilities. As Quicklend continues to innovate and enhance its offerings, it is well-positioned to redefine the future of lending in India and beyond.