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Quicklend Raises Rs 6.75 Crore to Transform Secured Lending in India In a significant move to reshape the lending landscape in India, fintech startup Quicklend has raised Rs
In a significant move to reshape the lending landscape in India, fintech startup Quicklend has raised Rs 6.75 crore in a pre-seed funding round. Led by Inuka Capital, Eximius Ventures, Upsparks Capital, GrowX, and a group of strategic angel investors, the startup is on a mission to make secured loans more accessible and seamless. With this fresh capital, Quicklend plans to enhance its technology, scale operations, and launch innovative features that aim to redefine the borrowing experience.
But what exactly is Quicklend, and how does it plan to change the game for both lenders and borrowers? Let’s break it down.
Founded in 2024 by industry veterans Arunkumar Jadhav, Abhishek Uppala, and Raghuram Trikutam, Quicklend is a secured lending platform that focuses on offering fast, transparent, and easy-to-use lending solutions. The startup aims to simplify the lending process while ensuring that lenders have the tools they need to manage their portfolios effectively.
Quicklend uses technology to bridge the gap between credit-seekers and financial institutions, offering an accessible and seamless way to apply for secured loans. Its key offering? Loan products backed by tangible assets, making them a safer bet for both the lender and the borrower.
So, what makes Quicklend stand out from the crowd in a saturated fintech market? Here are a few key reasons why the startup is gaining attention:
One of the most exciting new offerings from Quicklend is its Loan Against Mutual Funds (LAMF) product. In collaboration with Bajaj and a group of prominent Non-Banking Financial Companies (NBFCs), Quicklend allows customers to leverage their mutual fund investments as collateral for a loan. This provides a unique opportunity for investors to access liquidity without needing to sell their assets.
As mutual funds are becoming an increasingly popular investment choice, especially in Tier 2 and Tier 3 cities, this type of loan product could prove to be a game-changer for both retail investors and lenders.
Quicklend is betting big on the rise of secured loans. With growing concerns around the risks of unsecured lending, Quicklend’s secured offerings provide both borrowers and lenders with more security. In secured lending, the borrower pledges an asset (like mutual funds, gold, or other assets), which serves as collateral for the loan. If the borrower defaults, the lender has a guaranteed fallback option. This makes the loan process safer for all parties involved.
Quicklend uses technology to make the lending process faster, more transparent, and easier to understand. With automated systems in place, both lenders and borrowers can track the status of their loans in real-time, ensuring a smooth and hassle-free experience. The platform’s user-friendly design aims to make secured lending accessible to more people, especially those who may have been excluded from traditional lending systems.
Quicklend’s goal is to create a more inclusive financial ecosystem. The platform’s services are designed to reach underserved populations, such as small-town investors, who are increasingly turning to mutual funds and other financial products. By offering loans against these assets, Quicklend is helping to unlock access to credit for a wider audience across India.
With this new round of funding, Quicklend plans to scale its operations and continue its mission of financial inclusion. The Rs 6.75 crore raised will be used for several key purposes, including:
Quicklend is heavily investing in research and development (R&D) to enhance its technology stack. This will allow the platform to introduce new features that further simplify and optimize the loan process for both borrowers and lenders.
As Quicklend grows, it plans to expand its operations and reach more borrowers and lenders across India. This includes building stronger relationships with NBFCs, mutual fund houses, and other financial institutions to enhance the range of lending products it can offer.
Quicklend’s ultimate goal is to transform the way people think about secured lending. By using technology to simplify the borrowing process, it plans to launch new loan products and features that make it even easier for customers to access credit. With more flexible and customer-centric offerings, Quicklend aims to redefine how secured loans are perceived in the Indian market.
Investors are excited about Quicklend’s potential to disrupt the lending market in India. Here’s what some of them had to say about their involvement:
Gautam Shewakramani, Co-Founder & Partner at Inuka Capital
“With Indian consumer savings moving to the financial markets, Quicklend’s solution offers lenders, their demand partners, and consumers across India the ability to quickly access liquidity in a completely automated fashion. We’re excited to back Raghuram and the team as they build the infrastructure to unlock secured credit in India.”
Pearl Agarwal, Founder and Managing Partner of Eximius Ventures
“As vigilance around unsecured loans rises, secured loans are set to grow significantly. With mutual funds gaining traction in Tier 2 and 3 cities, this creates a lucrative opportunity. Quicklend is at the forefront, digitizing the loan journey with mutual funds and plans to expand into other secured assets. We’re excited to back Raghu and his team, whose 30+ years of collective FinTech experience bring a unique edge in crafting transformative solutions.”
These endorsements highlight the growing confidence in Quicklend’s model and its potential to drive innovation in the Indian lending space.
Quicklend’s vision is clear: to revolutionize the lending landscape in India by offering a fast, transparent, and seamless borrowing experience. With a focus on secured loans, financial inclusion, and innovative products like the Loan Against Mutual Funds, Quicklend is positioning itself to become a key player in the Indian fintech market.
As the company scales its operations, we can expect more exciting developments in the coming months. The funds raised will help Quicklend expand its reach and capabilities, offering more flexible solutions for both borrowers and lenders. Whether you’re an investor looking to unlock liquidity or a borrower in need of a fast, secure loan, Quicklend is one to watch.
As the lending landscape in India continues to evolve, Quicklend is proving that secured loans can be more accessible, automated, and customer-friendly. With strong backing from prominent investors, a focus on technology, and an innovative approach to leveraging mutual funds as collateral, Quicklend is shaping the future of fintech in India.
For anyone interested in secured lending, whether as a borrower or lender, Quicklend’s offerings are an exciting development to keep an eye on.
