Mortgage platform for underserved MSMEs LoanKuber raises $2M

LoanKuber, a digital mortgage platform for underserved MSMEs, has raised $2 million in a Series A funding round led by Inflection Point Ventures.

Accolade Holdings, LetsVenture, family offices, and marquee angel investors, including Prashant Tandon (Founder of 1Mg), Pankaj Vermani (Founder of Clovia), and PE veteran Vishal Gupta (TA Associates) also participated.

The funds will be used to rapidly scale the assets under management, improve the existing technology stack, and build and expand the team.

“The funds will be used to further fuel our mission of offering innovative and affordable mortgage solutions to micro-SMEs and the next half billion Indians. The current fundraising will help us further invest in the team, technology, and operations to fulfill our mission,” said LoanKuber CEO Saurabh Nagpal.

The mortgage financing gap for MSMEs in India is estimated to be $300 billion, and LoanKuber addresses this huge opportunity. Founded by Saurabh Nagpal, LoanKuber has built an automated institutional co-lending platform for micro-mortgages, allowing for competitive pricing to the end customer, while generating significantly higher yields on its own NBFC balance sheet.

The company has created hybrid acquisition channels that include a digital connector platform, lead generation platform, and low-cost branches. The company claims it is profitable. It now aims to build an AUM of INR 200 crore in the next 15 months as part of its expansion plan.