Fintech company LoanTap has raised Rs 74 crore in a new funding round to expand its services in the MSME supply chain finance space. This pre-Series C round includes Rs 54 crore in equity, led by July Ventures, and supported by existing investors like 3one4 Capital, Avaana Capital, Kae Capital, and the Swapurna Family Office. An additional Rs 20 crore has been raised through venture debt to fast-track new product offerings.
The fresh capital will help LoanTap grow its invoice financing and trade credit products, especially for small retailers across India. These services will be powered by LoanTap’s in-house technology platform LTFLoW, which is designed to offer smooth and accessible credit solutions. The company’s goal is to reach over 4 lakh merchants through its AfterPay network, giving them faster and easier access to working capital.
Helping MSME Sector
CEO and Co-founder Satyam Kumar said the funding will help support India’s fast-changing MSME ecosystem. According to him, invoice financing is a key area that can unlock massive growth for small and medium businesses. LoanTap’s platform includes its BICRI tool, which helps distributors evaluate creditworthiness and offer business loans efficiently. This setup creates a strong system for capital access and financial readiness.
Founded in 2016 by Satyam Kumar and Vikas Kumar, LoanTap has grown into a full-stack digital lending platform. The company offers a wide range of loan products, including personal loans, gold loans, home loans, business loans, and loans against mutual funds. Its strength lies in building simple, tech-driven solutions that cater to individual and business customers.
Expanding Financial Access
With this new funding, LoanTap is set to accelerate its expansion in supply chain finance and serve more MSMEs across India. The company continues to push for innovation in digital lending, aiming to empower small businesses with the credit tools they need to grow. Through technology and partnerships, LoanTap hopes to redefine how MSMEs access and manage their finances.
