Loan frame is India’s leading fin-tech marketplace for SME lending which makes obtaining credit for an SME a lot easier and efficient. The team has merged world class technology, processes of global financial institutions with deep Indian SME lending experience.
Continue reading “Loan Frame: Leading India, making tomorrow | TechPhlie”
Optimising Your Small Business Loans With ‘Debt Consolidation’
The title quote could apply just as well to your loan book as it does to Rowling’s book! Habitually, borrowers have preferred to borrow from multiple sources, in multiple forms. A Term Loan from Bank ‘A’, a Working Capital Facility from Bank ‘B’, a Loan Against Property from NBFC ‘C’, an Overdraft from Bank ‘D’, and so on. The reasons for doing so are varied: changing needs over time that require additional borrowing, perception that distributing the lender base and type of loans increases borrowing ability, and a false hope that the true extent of leverage cannot be clearly assessed by a new lender.
Some of these reasons may have been valid in a pre-digitisation era and in a time when credit scores and records were not consolidated in one source. However, these perceived advantages have been rendered totally irrelevant now.
Continue reading ““We are only as strong as we are united, as weak as we are divided.” – Dumbledore in Harry Potter and the Goblet of Fire”
Traditional lenders are pulling back in the short term as they wait to see the impact of de-monetization on their current portfolio and grapple with uncertainties in SME business performance and collateral prices. In the medium- and long-term, capital availability and lending will increase significantly as lenders get better visibility on business performance and more business transactions are recorded digitally.
– Shailesh Jacob
Continue reading “Demonetisation: Uncertainty means MSMEs funding scenario hugely negative | Economic Times”
Small and medium enterprise-focused online lending platform Loan Frame Technologies has raised a seed round of $2.25 million (about Rs 15 crore), the latest venture-backed transaction in the country’s web-based lending space.
The investors in the round include Parag Saxena, co-founder of Vedanta Capital, William Campbell, former chairman of Visa International and Toos Daruvala, co-chief executive of MIO Partners, an internal investment arm of global consultancy McKinsey and Co. Saxena is also the founding general partner of private equity firm New Silk Route.
Continue reading “Loan Frame raises Rs 15 crore in seed round | Economic Times”
Gurgaon-based fintech startup Loan Frame Technologies Pte Ltd has raised $2.25 million (Rs 15.3 crore) in seed investment led by Vedanta Capital, a top company executive told Techcircle.
Other investors who participated in the round include William Campbell, former chairman of Chase Card Services, and Toos N Daruvala, co-CEO of MIO Partners, Inc., McKinsey Investment Office.
Continue reading “Exclusive: Vedanta Capital leads seed round in fintech firm Loan Frame | VC Circle & Tech Circle”