LiquiLoans operates a peer-to-peer (P2P) lending platform and has partnered with CRED to power lending features such as CRED Mint. CRED Mint allows CRED customers to lend to one another at interest rates of up to 9% annually. LiquiLoans said it runs a profitable business and aims to build a trusted and credible P2P lending platform. The company expects the investment to help strengthen its technology capabilities and participate in the ecosystem of trust that CRED enables. Its leadership says the long-term relationship with CRED and the investment will accelerate goals of creating efficiencies for seamless borrowing and investments. The article also notes that while P2P lending has made inroads in India, some startups in the sector are beginning to struggle to maintain the service. Liquiloans operates a P2P digital lending platform focused on originating loans to prime borrowers. The startup was founded in April last year by Achal Mittal and Gautam Adukia and currently has a team of 25. It will use the Rs12 crore proceeds to establish itself as a trusted brand and build credibility in the P2P lending market. Liquiloans plans to keep its focus on extending loans to prime members only and to offer consistent returns to lenders rather than promising high interest rates. The company is also hoping for removal of regulatory limitations—such as caps on amounts that can be lent and borrowed—to expand its business further. Founders have prior experience as founding members of Rentomojo.

Total raised

$12M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2022