Category: High Payday Loans

With $12.3M from Sequoia as well as others, MoneyTap is building credit lines well worth Rs 300cr

Posted: 9th December 2020     Posted Category: High Payday Loans

With $12.3M from Sequoia as well as others, MoneyTap is building credit lines well worth Rs 300cr

This year with a niche product like an app-based credit line and now $12.3 million from Sequoia, NEA, and Prime Venture Partners, what has MoneyTap packed in to reach its vision of a Rs 300-crore loan book?

Whenever industry veteran Bala Parthasarathy along side serial business owners Kunal Varma and Anuj Kacker considered building India’s very very first app-based line of credit, MoneyTap, the theory had been considered unorthodox.

A bold one although the second-largest smartphone market in the world, India was still just beginning to warm up to digital payments, making the idea of a credit line. Continue reading