Quicklend

Finramp Technologies Private Limited, doing business as Quicklend specializes in providing loans against mutual funds, enabling clients to leverage their investments for liquidity. The company is based in Bengaluru, India and In February 2025, Quicklend raised INR 6. 7 million in pre-seed funding co-led by Inuka Capital, Eximius Ventures, Upsparks, and GrowX Ventures.   QuickLend specializes in providing instant loans against mutual funds, enabling clients to leverage their existing mutual fund investments for liquidity without relinquishing ownership of those assets.

The core product offering allows users to pledge their mutual fund units in exchange for a credit line, which they can draw upon as needed. This digital-first service is designed to facilitate quick access to cash, often within 30 minutes, while maintaining ownership of the mutual funds, which continue to accrue market gains. Notably, clients can avail themselves of this product without undergoing credit score assessments, making it accessible to a broader audience, including those with lower credit ratings. QuickLend’s services primarily target individual investors in urban markets across India, where the demand for flexible financing options against investment portfolios is growing.

The company generates revenue through a structured fee system associated with its loan offerings. For instance, borrowers are charged a processing fee of INR 1500 for a loan that can be drawn over a period of three years, along with an interest rate starting at 10. 49% per annum based only on the drawn amount from the credit line. The transaction process is streamlined; once a loan is approved, the funds are deposited directly into the client’s bank account, with interest accruing from that date.

Borrowers can repay the principal at their convenience without incurring pre-closure charges, encouraging a flexible repayment structure. Additionally, QuickLend collaborates with various lending partners to facilitate these loans, ensuring that its revenue model is both diverse and adaptive to the needs of its clientele. In February 2025, Quicklend raised INR 67. 5 mn in funding, which will be used to scale operations, enhance technological capabilities, and introduce innovative lending features.

The company is also allocating significant resources towards research and development to improve customer experience and facilitate growth. Plans for expansion include targeting additional urban markets across India to meet the increasing demand for flexible financing options against investment portfolios.