Mumbai based online loan marketplace for individuals and SMEs has secured $3m in Series A funding led by Kalaari Capital. The company, started in February of this year, haspartnerships with over 40 financial institutions in India and is working on integration agreements to offer a wide range of online products for customers to enable a fast and hassle-free loan process.
It’s deep tech integration with bank systems enables faster loan processing for SMEs Bestdealfinance.com, an online marketplace that provides loan fulfillment services for individuals and SME’s, has secured $3 million (Rs 20 crore) in Series A funding led by Kalaari Capital. YourNest Angel Fund, Globvestor and Dexter Angel Circle also put money in this round, as per a press statement. Bestdealfinance.com Pvt Ltd, which runs Bestdealfinance.com, will use the funds raised to strengthen technology infrastructure, build a stronger team and enhance its customer support organisation.