India
LoanZen Finance is a fintech startup based in India, established in 2015 with the slogan “Moving India Forward.” The company's mission is to provide easy access to funding for Small and Medium Enterprises (SMEs) by creating an automated lending platform. It aims to enable SMEs to seek short-term capital through a marketplace where they can furnish their invoices and obtain unsecured loans from lenders comfortable with their credit profile, particularly targeting companies with quality clients such as MNCs and large Indian corporates.
LoanZen Finance's approach involves leveraging technology to underwrite credit risk for asset light companies and connect borrowers with lenders in a transparent marketplace. The last investment, a Venture Round, was secured on 24 November 2019 with participation from Kae Capital and Zephyr Peacock.
