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LoanKuber (Janasha Finance) Secures USD 3.5 Million in Funding Led by TRTL VC, IPV & Others

LoanKuber

LoanKuber, the brand under which Janasha Finance operates, has raised USD 3.5 million in a pre-Series B round, comprising both equity and debt. This funding round was led by Singapore-based TRTL VC and existing investor Inflection Point Ventures. The round also saw participation from Auxano, LetsVenture, Mavuca Capital as well as angel investors such as Ruchi Deepak (Co-founder, Acko), Prashant Tandon (Co-founder, 1mg) and Pankaj Vermani (Co-founder, Clovia). With this infusion of capital, Janasha Finance’s total funds raised now stand at  USD 13+ million, furthering its commitment to ensure credit access for India’s underserved communities.

The company plans to utilize the newly secured funds primarily for expanding its assets under management (AUM), which currently stand at approximately INR 93 crores. This capital will also bolster LoanKuber’s technological infrastructure and help strengthen its leadership team, positioning the company for accelerated growth. With the net worth now increasing to around INR 51 crores, LoanKuber is well-positioned to scale its AUM to approximately INR 180 crores within the next 12 months.

LoanKuber, founded in 2018 by Saurabh Nagpal, an alumnus of IIT Delhi, and Saumya Nagpal, an alumnus of IIM Bangalore, champions financial inclusion by providing formal mortgage finance to MSMEs at the bottom of the pyramid. Through its managed marketplace, LoanKuber integrates technological innovation with a strong commitment to social impact, ensuring that underserved communities gain better access to essential financial services.

LoanKuber empowers micro, small, and medium enterprises (MSMEs) and semi-skilled professionals who are often neglected by traditional financial institutions. Notably, they include women applicants on 100% of their loans, helping improve credit behaviour in the household and advancing women’s land rights. Further, 70% of their customers have a monthly household income of less than INR 50,000 and have previously struggled to obtain formal credit due to a lack of formal income proof. LoanKuber also focuses on the  In order to promote good credit behavior within households, women are co-applicants on 100% of their loans. 

A cornerstone of LoanKuber’s strategy is its automated institutional co-lending platform, which offers competitive pricing to customers while delivering higher yields on its NBFC balance sheet. The company has also developed hybrid acquisition channels, including a digital connector platform, a lead generation platform, and low-cost branches, which have collectively reduced customer acquisition costs by up to 30 percent. By strategically combining data analytics with a deep knowledge of the local micro-markets, LoanKuber has developed an expertise in underwriting semi-urban and rural properties belonging to small business owners. It specializes in mortgage loans ranging from INR 3 lakhs to INR 10 lakhs, primarily for business expansion.

LoanKuber has maintained a conscious focus on a low-cost model, which has enabled the company to achieve profitability very early in its journey. The company has been profitable for the past two years. 

“We are grateful to our investors for their unwavering trust and support throughout our journey that has been instrumental in our progress so far. The social sector is complex, and driving meaningful change in underserved communities requires more than just financial resources—it demands a deep understanding of the unique challenges these communities face, said Saurabh Nagpal, Founder & CEO of LoanKuber on the latest funding round. “This fresh infusion of capital will help us scale our efforts, set up new branches and penetrate deeper into semi-urban communities in Delhi, Uttar Pradesh and Haryana, and ensure that we can continue building a more inclusive and equitable financial landscape.”

“The technology supporting financial inclusion in India has been growing at a tremendous pace. We have been looking for  startups with outstanding fintech capabilities  and operating  teams in several segments within Fintech,” said Yasuhiro Seo, Founder and Managing Partner TRTL. “Loankuber has been consistently profitable while supporting the growth of micro-businesses, which constitute a significant portion of India’s GDP, and we envision a high likelihood of them achieving great success in the future. As Founders, Saurabh and Saumya have demonstrated exceptional leadership and a deep commitment to addressing the financial needs of underserved communities in India. We are excited to support them as they scale their efforts to create a more inclusive financial ecosystem.” 

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