Online SME Loan Marketplace, Facilitator
LoanXpress.com is an online loan portal that assists SMEs in Business Loans and related services like CMA data, Project report, Company presentation, etc. It is an initiative by the Vermillion Group which provides fund-raising & advisory services. Knowing what SMEs have to go through to get a Business Loan and wanting to change the scenario for the SMEs, LoanXpress.com was formed by a team of veterans in Debt & Equity markets.Team LoanXpress firmly believes that the most significant hurdle a businessman faces while trying to raise funds is not knowing the next step and not knowing who is giving the right answers and who is trustworthy. There are a lot of professionals, agents & syndicators in the market who mislead the SME for their ease or benefit. LoanXpress wishes to become that name that SMEs across India can rely on. Our mission is to support and collaborate with young, trend-setting companies in today’s fast paced market space, elevating them to a whole new level. We accomplish this by arranging the funds and term capital so that SMEs can focus on the core business leaving the stressful hassles on our experienced shoulders.o Excellent understanding of a lifecycle of a company. o Large product basket o Customized solutions for all clients o Focus on long term relationship with company rather than deal specific assignmentso Ability to match company’s requirement with tailor made solutionso Consultative approach o Improvised response time o Consistently competitive pricing With the thought of ushering the much needed change to the SME landscape by enabling the SMEs to raise capital with help of technology and transparent methods of syndicating and providing genuine advise to raise capital from banks, LoanXpress aspires to be a one-stop solution for the young and budding companies which need debt capital in the form of loans (secured and unsecured) and working capital finance.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Jan 1, 2018 | Seed | $7.80M | 1 | TrustCapital | — | Detail |
Investor Name | Lead Investor | Funding Round |
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TrustCapital | Yes | Seed |