Easiloan Techno Solutions Private Limited
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Easiloan Techno Solutions Private Limited - overview
Established
2020
Location
Mumbai, Maharashtra, India
Primary Industry
Financial Services
About
Easiloan Techno Solutions Private Limited is an Indian fintech company specializing in the digital processing of home loans, offering advanced technology to facilitate loan comparisons and applications for consumers. Founded in 2020 and headquartered in Mumbai, India, Easiloan Techno Solutions Private Limited develops a technology platform that simplifies home loan processes. The company, led by CEO and founder Pramod Kathuria, raised INR 16. 28 million in a venture funding round in November 2022 from Tomorrow Capital, marking its total amount raised at INR 16.
28 million with a current valuation of INR 401. 774 million. Easiloan offers a technology-based platform that facilitates the digital processing of home loans, enabling customers to compare and select the best loan options from a network of banks and housing finance companies (HFCs). The core product is an AI-driven home loan selection and recommendation engine that streamlines the application process, providing customized offers based on individual requirements.
Their platform caters to a diverse clientele, including home buyers, developers, channel partners, and lenders, aiming to transform the home loan landscape in India by improving accessibility and efficiency. In the most recent year, Easiloan reported a revenue of INR 193,879. 3 and an EBITDA of -INR 630,096. 1.
The company generates revenue through partnerships with banks and HFCs, leveraging its platform to provide prequalified leads for home loan applications in a B2B structure, benefiting from fees associated with successful loan disbursements. Easiloan plans to leverage its recent funding of INR 16. 28 million to enhance its technology platform and expand its product offerings, targeting new markets for growth. The company is developing additional features aimed at improving the user experience and intends to introduce these enhancements in the coming year.
They are also exploring opportunities to expand their services into other regions across India, aiming for implementation by late 2023.
Current Investors
Tomorrow Capital
Primary Industry
Financial Services
Sub Industries
e-Financial, Accounting/Finance Software
Website
www.easiloan.com
Verticals
Artificial Intelligence, FinTech, FinTech
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Easiloan Techno Solutions Private Limited - timeline of key events
Easiloan Techno Solutions Private Limited - financials
| Fiscal Year Ended | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|
| Revenue (USD) | 422,252 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - |
| EBITDA (USD) | (3,102,414) | - | - | - |
| Operating Income (USD) | (3,102,857) | - | - | - |
| Operating Margin | (734.8%) | - | - | - |
| % EBITDA Margin | (734.7%) | - | - | - |
| NET Income (USD) | (3,102,198) | - | - | - |
| % Net Margin | (734.7%) | - | - | - |
Easiloan Techno Solutions Private Limited - employee data
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