Pune-based digital lending platform LoanTap Financial Technologies Pvt Ltd on Wednesday said it has bought healthcare-focussed fintech firm Unofin in an effort to ramp up its exposure in the healthcare financing space.
The financial details of the transaction were not disclosed.
Loantap, which counts Kae Capital, India Quotient, Lighthouse Canton, Avaana Capital, ..
Wealth management platform Nivesh raises $1.6m led by Indian Angel Network
Photo: Reuters
May 4, 2021
Wealth management platform, Nivesh, on Tuesday said it has raised $1.6 million, led by Indian Angel Network (IAN) Fund. The round also saw participation from other angel investors including LV Angel Fund.
According to the company, the freshly infused capital will be utilised for expansion of its product portfolio, specifically towards introducing newer insurance and credit products. The company is also expected to use the funding towards technology enhancement by bringing in automation and user personalization.
Five-year-old Nivesh is a technology platform that allows mutual fund distributors to list and distribute their financial products to consumers in a digital-first manner. Apart from mutual funds, the platform also allows distributors to list other products, including corporate fixed deposits and insurance.