Quicklend is a technology company.
Quicklend has raised $770K across 1 funding round.
Quicklend has raised $770K in total across 1 funding round.
Quicklend has raised $770K in total across 1 funding round.
Quicklend's investors include On Deck.
Quicklend is a Bengaluru-based fintech startup founded in 2023 that provides instant loans against mutual funds through a fully digital platform, allowing users to pledge mutual fund investments as collateral for flexible, interest-only EMIs without credit score checks.[1][5] It serves retail investors and borrowers seeking liquidity without redeeming assets, solving the problem of rigid, unfair borrowing in India by offering transparent, accessible credit up to 80% of mutual fund value while letting investments continue growing.[1][4][5] The company has raised $770K (₹6.75 crore) in pre-seed funding across rounds, including a latest Pre-Seed II in early 2025, fueling tech enhancements and expansion; it partners with NBFCs like Bajaj for its Loan Against Mutual Funds (LAMF) product and operates in B2B2C models.[1][2]
Quicklend was founded in 2023 by Arunkumar Jadhav, Abhishek Uppala, and Raghuram Trikutam, all with over a decade in Indian fintech, having built products at Google Pay, UberPay, and Stripe India, which gave them strong networks to identify market gaps in secured lending.[1][3] The idea emerged from recognizing rigid borrowing practices in India, leading to a platform reimagining secured lending as accessible and goal-oriented; early traction came via partnerships with NBFCs and a pre-seed raise led by Inuka Capital, Eximius Ventures, Upsparks Capital, and GrowX.[1][4] Pivotal moments include launching LAMF with Bajaj and shifting from product/engineering focus to structured sales pipelines as they scaled.[1][3]
Quicklend rides India's booming mutual fund penetration (AUM surpassing ₹60 lakh crore) and digital lending surge, enabled by UPI and fintech infra, timing perfectly with rising retail investor liquidity needs amid economic growth.[1][3] Market forces like NBFC partnerships and regulatory tailwinds for asset-backed loans favor it, as traditional credit remains credit-score rigid while Quicklend unlocks "sleeping" mutual fund wealth without sales disruptions.[1][4][5] It influences the ecosystem by pioneering safer B2C/B2B2C collateralized lending, aggregating clients via partners (e.g., CAs, MFDs), and potentially exporting the model to markets like the US.[3]
Quicklend's momentum—fresh funding, NBFC tie-ups, and scalable models—positions it for rapid growth in India's $100B+ digital lending space, likely expanding to other collaterals like stocks or ESOPs next.[1][2][3] Trends like AI-driven risk assessment and international fintech replication (e.g., US pilots via angels) will shape it, evolving from LSP to full infra provider and boosting its ecosystem role in democratizing credit.[3] As mutual fund adoption accelerates, Quicklend could redefine liquidity access, turning rigid borrowing into a growth engine for retail investors.
Quicklend has raised $770K across 1 funding round. Most recently, it raised $770K Seed in February 2025.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Feb 1, 2025 | $770K Seed | On Deck |