Startup Funding Tracker

CirclePe funding, investors and company details

CirclePe is an emerging Banking and Finance - FinTech startup from Bengaluru, working in the space of FinTech / PropTech (Rental FinTech). Founded by Navan Jaiswal, Ankur Yadav.

  • Company: CirclePe Private Limited
  • Sector: Banking and Finance - FinTech
  • Location: Bengaluru
  • Founders: Navan Jaiswal, Ankur Yadav
  • Total funding raised: ₹8.34 Cr

Company overview

CirclePe is an Indian fintech startup focused on transforming the rental housing market by removing one of its biggest barriers the upfront security deposit. The company aims to make renting more accessible and financially flexible, especially for young professionals and urban tenants. The core business of CirclePe revolves around offering a “no-deposit rental model”. Traditionally, tenants are required to pay a hefty security deposit before moving into a property, which can be financially burdensome. CirclePe eliminates this requirement for eligible users particularly those with a strong credit profile (high CIBIL score) by covering the deposit on their behalf. Instead of paying a lump sum deposit, tenants pay their rent in the form of easy, zero-cost EMIs, spreading the financial burden over time. This model improves liquidity for tenants while still ensuring landlords receive financial security. By doing so, CirclePe creates a win-win situation for both parties tenants get affordability and flexibility, while landlords reduce the risk associated with renting. CirclePe operates at the intersection of fintech and proptech, leveraging credit assessment and digital financial tools to underwrite tenants and enable this innovative payment structure. The platform integrates technology to streamline onboarding, eligibility checks, and payment management, making the rental process smoother and more transparent. Overall, CirclePe’s business is centered on redefining rental affordability and access by converting large upfront costs into manageable monthly payments, thereby modernizing India’s rental ecosystem and improving the overall tenant experience.

Funding rounds

  • Latest round (Pre-Seed): $ 1.00 Mn (₹8.34 Cr.), 2024-05-27. Investors: OTP Ventures