Loanzen

www.loanzen.in

Founded :

2015

Type :

Product

Size :

20-100

Stage :

Raised funding

About

LoanZen is a lending platform for SMEs to avail working capital financing. Businesses just have to apply online and upload documents. The company processes the documents within 12 hours and offers quotes. As of June 2016, the company is offering loans to e-commerce vendors. The company has partnered with ebay to offer loans to its merchants. Raised an undisclosed amount of seed funding through Tracxn Syndicate, from Tracxn Labs and other angel investors i.e. Rajan Navani, Abhishek Gupta, Vinay Gupta, Praful Thachery, Ashish Taneja (MD at growX Ventures), Mahesh Parasuraman (co-founder & partner at Amicus Capital Partners), Suresh Bala (SVP at GIC, Govt of Singapore investment fund) among others.

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Ritesh Kadmawala

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