Funding Details
- Awarder
- YCombinator
- Date Award
- February 25, 2024
- Vertical
- Fintech,Credit and Lending
- Funding URL
- View Funding Page
- Valuation
-
$0
Company Info
- Founding Year
- 2024
- Company Description
- Yenmo offers a better way to access cash for India’s 65 million investors who either resort to personal loans at over 18% interest or have to liquidate their investments when in need of money. With Yenmo, they can pledge their investments digitally and instantly get a loan at a fixed 10.5% interest rate.
Our Insight - In India, over 30% of personal loan borrowers have active investments and are paying double the interest rate they qualify for with us.
- Market
- Fintech
- Location
-
Bengaluru,
KA,
India
- Coinvestors
- YCombinator
Links