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LoanTap Financial Technologies Pvt Ltd (LFTPL), which operates digital lending start-up LoanTap has raised Rs 24 crore in venture debt led by global investment firm Lighthouse Canton through its venture debt fund, a Category–II Alternative Investment Fund (AIF).
As part of the funding, LoanTap has received one of the first cheques for its digital lending platform, LTFLoW.
LoanTap offers end-to-end lending through its LTFLoW platform for sourcing, delivery, and asset management, which the company says, has been adopted by over 30 e-commerce sourcing partners.
LFTPL says it has facilitated loans worth Rs 1,700 crore for its subsidiaries and technology clients.
