LoanTap Overview
- Year Founded
-
2016
- Status
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Private
- Employees
-
201
- Latest Deal Type
-
Later Stage VC
- Latest Deal Amount
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$6.2M
- Investors
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13
LoanTap General Information
Description
Developer of an online lending platform designed to deliver flexible loan products to salaried professionals. The company's platform lets users choose custom-made loan products from an array of offerings, enabling users to access hassle-free and need-based financial products on one user interface.
Contact Information
Website
www.loantap.inCorporate Office
- 306, Sangeeta Ramchand Kartik Co-operative Housing Society Limited
- 5 Kartik Complex, Opposite Laxmi Industrail Estate Andheri West
- Mumbai, Maharashtra 400053
- India
Corporate Office
- 306, Sangeeta Ramchand Kartik Co-operative Housing Society Limited
- 5 Kartik Complex, Opposite Laxmi Industrail Estate Andheri West
- Mumbai, Maharashtra 400053
- India
LoanTap Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 6. Later Stage VC | 05-Jun-2025 | $6.2M | Completed | Generating Revenue | ||
| 5. Debt - General | 24-Mar-2022 | Completed | Generating Revenue | |||
| 4. Early Stage VC (Series B) | 30-Sep-2019 | Completed | Generating Revenue | |||
| 3. Early Stage VC | 05-Jul-2018 | Completed | Generating Revenue | |||
| 2. Early Stage VC | 23-Jun-2017 | $4M | $7M | Completed | Generating Revenue | |
| 1. Early Stage VC (Series A) | 29-Aug-2016 | $3M | $3M | Completed | Startup |
LoanTap Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Ordinary | ||||||||
| Ordinary | ||||||||
| Series B | ||||||||
| Pre-Series B | ||||||||
| Ordinary | ||||||||
| Preference | ||||||||
| CCPS | ||||||||
| Ordinary | ||||||||
| Ordinary | 60 | $0.139798 | $12.8 | $12.8 | 1x | $12.8 | 0.01% | |
| Preference | 101,500 | $0.559191 | $12.8 | $12.8 | 1x | $12.8 | 12.41% |
VC Exit Predictor
See how our proprietary methodology utilizes historical data sets to synthesize the likelihood of an acquisition, IPO, or no exit event. Get a detailed look at the calculations behind our predictions.
Opportunity Score
Calculated using Exit Type probabilities, the company’s stage, and PitchBook’s historical returns data.
Exit Type
Evaluates the likelihood of a successful exit for investors, and the most likely exit type.
LoanTap Comparisons
Industry
Financing
Details
LoanTap Competitors (33)
One of LoanTap’s 33 competitors is KreditBee, a Venture Capital-Backed company based in Bangalore, India.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| KreditBee | Venture Capital-Backed | Bangalore, India | ||||
| ePayLater | Venture Capital-Backed | Mumbai, India | ||||
| ZestMoney | Private Equity-Backed | New Delhi, India | ||||
| Progcap | Venture Capital-Backed | New Delhi, India | ||||
| Indifi | Venture Capital-Backed | Gurugram, India |
LoanTap Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
LoanTap Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
LoanTap Investors (13)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Elev8 Venture Partners | Growth/Expansion | Minority | ||
| July Ventures | Venture Capital | Minority | ||
| Lighthouse Canton | Asset Manager | Minority | ||
| Angel (individual) | Minority | |||
| Avaana Capital | Venture Capital | Minority |
LoanTap Acquisitions (1)
LoanTap’s most recent deal was a Merger/Acquisition with Unofin. The deal was made on 29-Mar-2023.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Unofin | 29-Mar-2023 | Merger/Acquisition | Managed Care |
LoanTap Affiliates
Subsidiaries (1)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Unofin | New Delhi, India | 2018 |
LoanTap FAQs
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When was LoanTap founded?
LoanTap was founded in 2016.
-
Where is LoanTap headquartered?
LoanTap is headquartered in Mumbai, India.
-
What is the size of LoanTap?
LoanTap has 201 total employees.
-
What industry is LoanTap in?
LoanTap’s primary industry is Consumer Finance.
-
Is LoanTap a private or public company?
LoanTap is a Private company.
-
What is LoanTap’s current revenue?
The current revenue for LoanTap is .
-
How much funding has LoanTap raised over time?
LoanTap has raised $40M.
-
Who are LoanTap’s investors?
Elev8 Venture Partners, July Ventures, Lighthouse Canton, , and Avaana Capital are 5 of 13 investors who have invested in LoanTap.
-
Who are LoanTap’s competitors?
KreditBee, ePayLater, ZestMoney, Progcap, and Indifi are some of the 33 competitors of LoanTap.
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