AI-enabled fintech solution for home loans, EasiLoan has raised Rs 8 crore or a little over $1 million in its maiden round led by Tomorrow Capital.
According to the Mumbai-based startup, the funds will be used to further build its digital-only product, customer acquisition channels, and activate new markets.
Started by Pramod Kathuria and Vishal Dawda, EasiLoan makes selection and application for loans easy and fast for customers, reduces the time taken to process the home loan application, and increases conversion for developers and banks.
The platform’s application brings developers, direct selling agents (DSAs), customers, banks, and NBFCs on a single platform for end-to-end digital processing of home loans. Its AI-based feature allows customers to compare and choose from shortlisted options based on their profile.
The startup claims to have serviced over 750 loan sanctions and is working with leading banks and housing finance companies such as HDFC Ltd, ICICI Bank, LIC, Axis Bank, SBI and PNB HF among others.