LoanTap, a FinTech platform focused on flexible credit solutions for individuals and businesses, has announced the successful close of a ₹74 crore ($8.6m) pre-Series C funding round.
The round brought in new investor July Ventures, along with continued support from existing backers 3one4 Capital, Avaana Capital, Kae Capital and Swapurna Family Office.
LoanTap, founded with a mission to bridge India’s MSME credit gap, specialises in data-driven supply chain financing. Its proprietary BICRI tool enables distributors to assess and extend trade credit more effectively, targeting both capital access and credit preparedness for small businesses.
With over 50,000 retailers served and more than 4.5 lakh invoices financed, LoanTap has disbursed over ₹1,000 crore to date in the MSME segment.
LoanTap welcomed July Ventures to its investor cohort, stating that the firm shares its vision of empowering India’s vast network of small retailers.
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