LoanTap picks up $4m for Series B funding round

LoanTap Financial Technologies has reportedly picked up $4m for its Series B funding round.

Kae Capital were the lead investors of the round, which also saw commitments from firms including India Quotient, IFMR and MAS Financial Services, according to various reports in the media.

The India-based company is an online loan product provider, using its technology to make the process more flexible.

Products offered by the company include personal, EMI free, wedding, bike, advance salary, rental deposit, credit card takeover and holiday loans.

With the capital, the firm hopes to improve its collection features as well as expanding across India.

Last year the firm picked up a $3m for its Series A funding round, bringing total capital raised to around $7m.

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