IPV leads $2 Mn round in mortgage platform LoanKuber

Mortgage platform LoanKuber has raised $2 million in Series A round led by Inflection Point Ventures. The round also witnessed participation of Accolade Holdings, LetsVenture, Family offices, and angel investors including Prashant Tandon, Pankaj Vermani, and Vishal Gupta.

The company plans to use the funds to enable affordable mortgage solutions to micro-SMEs, hiring, technology infra, and operations, LoanKuber said in a press release.

Founded in 2017 by Saurabh Nagpal, LoanKuber provides customised mortgage loans to undeserved MSMEs. It claims to build an automated institutional co-lending platform for micro-mortgages allowing for competitive pricing to the end customer while generating significantly higher yields on its own NBFC balance sheet. The company has created hybrid acquisition channels that include a digital connector platform, lead generation platform, and low-cost branches reducing customer acquisition costs by 30%.

According to LoanKuber, it has put strong focus on unit metrics/capital efficiency and frugal operations has helped LoanKuber build a profitable business since inception. The company aims to build an AUM of Rs 200 crore in the next 15 months as part of its expansion plan.

LoanKuber claims to solve the $200 billion mortgage financing gap for micro-SMEs through a transformative digital first mortgage platform while at the same time keeping acquisition costs low by engaging in a co-lending business model with other NBFCs.

Last year, Inflection Point Ventures had launched a $50 million CAT 2 AIF Physis Capital to invest in pre-Series A to Series B growth-stage startups.