Yenmo (Founding)

Funding Details
Awarder
YCombinator
Date Award
February 25, 2024
Vertical
Fintech,Credit and Lending
Funding URL
View Funding Page

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

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