About Loannetwork
Loannetwork is a company based in Mumbai (India) founded in 2023 by Ketan Bordia. Loannetwork has raised $3.13 million across 3 funding rounds from investors including Five Rivers Investment, Shailendrasinh N Devdhara and Manish Prakash Vanmali. Loannetwork operates in a competitive market with competitors including BankSathi, PaisaGrowth, Mvalu, Creditcode and Offermeloan, among others.
- Headquarter Mumbai, India
- Founders Ketan Bordia
- Stage Minicorn
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Loan Network Technologies Private Limited
- Date of Incorporation 31 Mar, 2023
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$3.13 M (USD)
in 3 rounds
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Latest Funding Round
$478.7 K (USD), Angel Round
Jun 22, 2024
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Investors
Five Rivers Investment
& 22 more
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Employee Count
Employee Count
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Funding Insights of Loannetwork
Loannetwork has successfully raised a total of $3.13M across 3 strategic funding rounds. The most recent funding activity was a Angel Round of $478.7 thousand completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Angel Round — $478,701
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First Round
First Round
(29 Aug 2023)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Angel Round - Loannetwork | Valuation | Shailendrasinh N Devdhara | |
| Sep, 2023 | Amount | Seed - Loannetwork | Valuation | Nicolas Daniel Pierre Rigois , Fiveriverinvestments.com | |
| Aug, 2023 | Amount | Seed - Loannetwork | Valuation | Five Rivers Investment |
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Investors in Loannetwork
Loannetwork has secured backing from 23 investors, including institutional and angel investors. Prominent investors backing the company include Five Rivers Investment, Shailendrasinh N Devdhara and Manish Prakash Vanmali.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Shailendrasinh N Devdhara |
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Founded Year | Domain | Location |
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MP
Manish Prakash Vanmali |
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Founded Year | Domain | Location |
Investments & Acquisitions by Loannetwork
Financial Statements - Loannetwork
Loannetwork Comparisons
Competitors of Loannetwork
Loannetwork operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as BankSathi, PaisaGrowth, Mvalu, Creditcode and Offermeloan, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
BankSathi is engaged in simplifying financial services for customers.
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| domain | founded_year | HQ Location |
Leads for loan intermediaries are generated via an online marketplace.
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| domain | founded_year | HQ Location |
Blockchain-based leads marketplace network for loan brokers is facilitated.
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| domain | founded_year | HQ Location |
App for referring financial services, educating customers, and earning commissions.
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| domain | founded_year | HQ Location |
Platform connects borrowers with agents for loan applications and services in India.
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Latest news on Loannetwork
Frequently Asked Questions about Loannetwork
Loannetwork was founded in 2023.
Loannetwork is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Loannetwork is a funded company, having raised a total of $3.13M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1.68M, raised on Aug 29, 2023.
Loannetwork was founded in 2023 in Mumbai, India, within the financial services sector. Loan applications for homes and businesses are connected to banks and lenders through established partnerships. Mortgages and financing options are secured for borrowers, with personalized support provided during the process. Operations focus on application facilitation, and revenue is derived from commissions earned on successful placements.
Loannetwork's top competitors include BankSathi, Mvalu and PaisaGrowth.
Loannetwork has 23 investors. Key investors include Five Rivers Investment, Shailendrasinh N Devdhara, Manish Prakash Vanmali, Vimalkumar Sanmukhbhai Bhakta, and Hina Desai.
The valuation of Loannetwork is $9.19M as of Aug 2023.