Abhiloans funding, investors and company details

Abhiloans is an emerging Banking and Finance startup from Bengaluru, working in the space of Abhi Loans operates in the banking and financial services industry. Founded by Mandeep Chaudhary, Deepit Singh.

Company: KNAB FINANCE ADVISORS PRIVATE LIMITED
Sector: Banking and Finance
Location: Bengaluru
Founders: Mandeep Chaudhary, Deepit Singh
Total funding raised: ₹35.77 Cr

Company overview

Abhi Loans is a New Delhi-based fintech company founded in 2015, operating as a product of KNAB Finance Advisors Private Limited. It provides quick, digital loans against securities like mutual funds, shares, bonds, and insurance policies, with disbursals within 4 hours and no prepayment charges. The platform serves 51-200 employees and targets individuals/businesses needing liquidity without selling assets.Abhi Loans aims to democratize access to affordable loans against financial assets, using technology for fast processing, collateral management, and low operational costs to offer competitive rates. It empowers borrowers with flexible options like up to 50% LTV (loan-to-value) up to ₹10 Crore, low EMIs starting at ₹1,333/month for ₹1 lakh, and 100% online applications. The focus is on customer satisfaction, data security, and non-disruptive liquidity.

Funding rounds

Latest round: $ 4.50 Mn (₹35.77 Cr.), 2022-08-17. Investors: DMI Sparkle Fund