Yenmo (YC W24)

Yenmo (YC W24) Raises ₹9.2 Crore to Redefine Instant Loans Against Mutual Funds! Fintech startup Yenmo (YC W24), which offers instant loans against mutual funds, has secured ₹9.2 crore in funding. By bridging the gap between liquidity and investments, Yenomo is empowering investors to unlock the value of their mutual fund holdings without redemption pressure. As financial flexibility becomes crucial in today’s fast-paced world, smart lending solutions like Yenomo are reshaping how individuals manage their wealth. This funding will further drive innovation and accessibility in India's growing fintech landscape. What are your thoughts on leveraging mutual funds for instant liquidity? #Fintech #Yenomo #MutualFunds #InstantLoans #WealthManagement #FundingNews #StartupIndia

#News | Bengaluru-based Yenmo (YC W24) has raised ₹9.2 Cr in a funding round led by Y Combinator, with support from Pioneer Fund & Zaka VC. The startup, offering instant loans against mutual funds, plans to expand into stocks, insurance & digital assets. #RealtyNXT #Fintech #StartupFunding #DigitalLending #MutualFunds #YCombinator #TechInnovation #Loans Ashutosh Purohit & Aryan Agarwal  

🚀 Bengaluru-based fintech startup Yenmo (YC W24) secures ₹9.2 crore in funding led by Y Combinator (Winter 2024 cohort)! Read in-depth article: https://lnkd.in/gw6uJVcw Yenmo is redefining lending in India with its ‘Good Loans’ concept—bringing ethical, customer-friendly financial solutions to the forefront. 🔹 Funding Raised: ₹9.2 crore 🔹 Lead Investor: Y Combinator (Winter 2024) 🔹 Business Model: Instant loans against mutual funds 🔹 Mission: Ethical lending with a customer-first approach 🔹 Founder: Ashutosh Purohit (ex-Swiggy, ex-Navi, fintech expert) 💡 Where’s the funding going? ✅ Building robust tech for seamless loan disbursement ✅ Scaling operations across India ✅ Strengthening credit risk assessment with advanced algorithms ✅ Spreading awareness about responsible lending This marks a big step toward financial inclusion and responsible credit solutions in India! 💰📈 Team Yenmo 👇 Ashutosh Purohit | Aryan Agarwal | Vishal Phadke | Yash Shah | Aditi Jain | SreeLekha Reddy   #Yenmo #Fintech #GoodLoans #EthicalLending #EverythingStartups

Yenmo (YC W24), a Bengaluru-based fintech startup, has raised ₹9.2 crore in a funding round led by Y Combinator, with support from Pioneer Fund, Zaka VC, and other angel investors! Founded in 2022 by Ashutosh Purohit and Aryan Agarwal, the startup offers instant loans against mutual funds and is expanding to include stocks, insurance, and digital assets. The fresh funding will enable Yenmo to enhance its product portfolio, upgrade its tech infrastructure, and expand its market presence while focusing on ethical lending practices. Read the full news here: https://lnkd.in/gqaM2wvS #Yenmo #Fintech #Startup #Funding #Loans #FintechNews #FundingNews #BusinessNews #BusinessGrowth #CEOVINE

IN A GOOD LOAN COMPANY We are excited to share an official funding announcement of one of our recent investments - Yenmo (YC W24), alongside Pioneer Fund, Team Ignite Ventures, Y Combinator and other great angels investors. Yenmo is building India's first Good Loan company and has secured $1M in funding to fulfill that vision. India is a market with high credit demand and more often than not lending companies resort to malpractices to push customers into debt traps and then harass them to pay back the money. Lending in India is associated with a negative emotion with many people needing it but yet steering away due to fear of getting harassed. Yenmo aims to build a gold standard for lending companies, with ethical practices at its forefront. Their first product is a loan against mutual funds, which has been scaling really well. They now plan to use the funds to offer more lending products to help low cost loans penetrate the Indian market 🚀 Congrats Ashutosh Purohit and Aryan Agarwal 🎉

𝐍𝐞𝐰𝐬 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐟𝐨𝐫 𝟏𝟏𝐭𝐡 𝐌𝐚𝐫𝐜𝐡 𝟐𝟎𝟐𝟓 1️⃣ Beams Fintech Fund 𝐥𝐞𝐚𝐝𝐬 $𝟕𝟎 𝐌𝐢𝐥𝐥𝐢𝐨𝐧 𝐫𝐨𝐮𝐧𝐝 𝐢𝐧 InsuranceDekho   𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: Beams Fintech Fund, 𝐌𝐢𝐭𝐬𝐮𝐛𝐢𝐬𝐡𝐢 𝐔𝐅𝐉 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐆𝐫𝐨𝐮𝐩 (MUFG), BNP Paribas Cardif (𝐯𝐢𝐚 𝐄𝐮𝐫𝐚𝐳𝐞𝐨)   𝐅𝐮𝐧𝐝𝐢𝐧𝐠: InsuranceDekho raised $70 million in a round co-led by Beams Fintech Fund, MUFG, and BNP Paribas Cardif through Eurazeo’s insurtech fund. The Gurugram-based company, founded in 2017, allows customers to compare and purchase various insurance products. It is currently merging with RenewBuy and is awaiting regulatory approval. The funds will be used to expand its digital offerings and market presence.     2️⃣ goSTOPS 𝐛𝐚𝐠𝐬 𝐑𝐬 𝟑𝟓 𝐂𝐫 𝐢𝐧 𝐒𝐞𝐫𝐢𝐞𝐬 𝐀 𝐫𝐨𝐮𝐧𝐝 𝐥𝐞𝐝 𝐛𝐲 Blume Ventures   𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: Blume Ventures, 1Crowd, Mumbai Angels, 𝐂𝐡𝐞𝐧𝐧𝐚𝐢 𝐀𝐧𝐠𝐞𝐥𝐬, 𝐈𝐧𝐝𝐢𝐚𝐧 𝐀𝐧𝐠𝐞𝐥 𝐍𝐞𝐭𝐰𝐨𝐫𝐤, 𝐋𝐞𝐚𝐝 𝐀𝐧𝐠𝐞𝐥𝐬, 𝐘𝐮𝐣 𝐕𝐞𝐧𝐭𝐮𝐫𝐞𝐬   𝐅𝐮𝐧𝐝𝐢𝐧𝐠: goSTOPS, a youth travel hostel brand, has raised ₹35 crore ($4.2 million) in its Series A round. The funding will be used to strengthen operations, enhance technology, and elevate the social and experiential aspects of its properties. The company is also securing debt partnerships for further expansion. Founded by Pallavi Agarwal and Pankaj Parwanda, goSTOPS plans to scale from 2,500 to 10,000 beds across 100 locations in 24 months, aiming for 4X growth.     3️⃣ Yenmo (YC W24) 𝐫𝐚𝐢𝐬𝐞𝐬 𝐑𝐬 𝟗.𝟐 𝐂𝐫 𝐥𝐞𝐝 𝐛𝐲 Y Combinator   𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: Y Combinator, Pioneer Fund, ZAKA VC, 𝐎𝐭𝐡𝐞𝐫 𝐀𝐧𝐠𝐞𝐥 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬   𝐅𝐮𝐧𝐝𝐢𝐧𝐠: Yenmo (YC W24), a fintech startup offering instant loans against mutual funds, has raised ₹9.2 crore in a funding round. The capital will support product expansion, technological enhancements, market growth, and operational scaling. Co-founded in 2022 by Ashutosh Purohit and Aryan Agarwal, Yenmo provides secured credit products, including loans against stocks, insurance, and digital assets.     4️⃣ 𝟏𝟎 𝐦𝐢𝐧 𝐟𝐨𝐨𝐝 𝐝𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 Swish 𝐫𝐚𝐢𝐬𝐞𝐬 $𝟏𝟒 𝐌𝐢𝐥𝐥𝐢𝐨𝐧   𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: 𝐇𝐚𝐫𝐚 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐚𝐩𝐢𝐭𝐚𝐥, Accel in India, 𝐐𝐄𝐃 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 (𝐊𝐮𝐧𝐚𝐥 𝐒𝐡𝐚𝐡), 𝐆𝐚𝐮𝐫𝐚𝐯 𝐌𝐮𝐧𝐣𝐚𝐥, 𝐒𝐮𝐦𝐞𝐫 𝐉𝐮𝐧𝐞𝐣𝐚   𝐅𝐮𝐧𝐝𝐢𝐧𝐠: Swish, a 10-minute food delivery startup, has raised ₹122.32 crore (~$14 million) in its Series A round, led by Hara Global Capital Management and Accel in India. The funding comes just three months after its $2 million seed round. 𝐇𝐚𝐫𝐚 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐚𝐩𝐢𝐭𝐚l contributed ₹69.56 crore, while Accel India invested ₹52.18 crore. 𝐅𝐨𝐥𝐥𝐨𝐰 Corporate Valuations 𝐟𝐨𝐫 𝐦𝐨𝐫𝐞 𝐬𝐮𝐜𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 #FundingNews #VentureCapital #Valuation #Funding #InvestingInFuture #newsupdates #newhighlight #StartupGrowth #InvestmentNews #SeedFunding #Investments #BusinessValuation #StartupFunding

Bengaluru-based fintech startup Yenmo (YC W24) , which specializes in instant loans against mutual funds, has raised ₹9.2 crore in a funding round led by Y Combinator, with additional backing from Pioneer Fund , ZAKA VC , and other angel investors. Driving Growth and Product Expansion The fresh capital will be utilized to expand Yenmo's product portfolio, enhance its technology, and scale operations to support market growth. The startup is also set to broaden its secured credit offerings beyond mutual funds to include loans against stocks, insurance, and digital assets. Additionally, part of the funds will go toward strengthening the team to accelerate growth. Revolutionizing Credit Access in India Founded in 2022 by Ashutosh Purohit and Aryan Agarwal , Yenmo aims to transform access to credit in India. Through its mobile app, available on both Android and iOS, users can obtain instant loans against mutual funds. Unlike traditional lenders who charge high-interest rates on personal loans, Yenmo offers loans at interest rates starting from 10.5%, significantly lower than the 30%+ charged for unsecured credit. Seamless and Transparent Lending Experience Yenmo's digital-first platform enables users to access loans within 10 minutes, focusing on transparency, ethical lending practices, and personalized human support. This approach sets Yenmo apart from competitors that primarily rely on AI-driven automated services. With this latest funding, Yenmo is well-positioned to accelerate its growth and make secured credit more accessible to a broader audience across India.

Super proud to annouce our recent fundraise of 9.2cr to build India's first Good Loan Company Yenmo (YC W24) 🚀 The past year has been incredibly rewarding for us at @yenmo . Me and Aryan Agarwal started Yenmo (YC W24) in a small cabin that could barely fit the two of us. Having first hand seen how loan companies treat their customers, we dreamed of a building a loan company that prioritised ethical practices over revenue. We hoped to disburse crores worth of loans and allow people access to low cost credit lines. The last year has seen so many of our dreams come true. We've now onboarded some incredible people to back us as we move forward in this journey. While we pitched Yenmo to multiple people, we also realised the kind of people we wanted to see on our board and I cannot be more excited with the set of folks we have with us. This round has participation from ZAKA VC Pioneer Fund Team Ignite Ventures Y Combinator and some incredible angels including Olivier Porté, Laurent Benhamou. This fundraise raise allows us to move more confidently towards our goal of building India's first good loan company. Our motto is always providing low cost loans, not asking for unnecessary data or permissions from our customers and have a customer support team that is always respectful. We also have some more exciting products that we would be launching soon. Yenmo (YC W24) Aryan Agarwal

Bengaluru-based fintech startup Yenmo (YC W24), which provides instant loans against mutual funds, has raised ₹9.2 crore in a funding round led by Y Combinator, with participation from Pioneer Fund, ZAKA VC, and other angel investors. Fueling Expansion & Innovation The newly raised capital will be used to broaden product offerings, enhance technology, scale operations, and drive market growth. Yenmo also plans to strengthen its team to accelerate expansion into secured credit products beyond mutual funds, including loans against stocks, insurance, and digital assets. About Yenmo & Its Mission Co-founded in 2022 by Ashutosh Purohit and Aryan Agarwal, Yenmo is on a mission to revolutionize credit access in India. The startup allows users to secure instant loans against mutual funds through its mobile app, available on Android and iOS. Unlike traditional lenders, which impose high interest rates on personal loans, Yenmo offers loans at interest rates as low as 10.5%, significantly lower than the 30%+ charged on unsecured credit. Customer-Centric Lending with Faster Approvals Yenmo is simplifying the lending process, ensuring that borrowers can access loans in just 10 minutes through its digital-first platform. The company prioritizes transparency, ethical lending practices, and real human support to eliminate customer pain points, setting itself apart from competitors that rely on AI-driven automated assistance. What’s Next for Yenmo? Yenmo plans to expand its secured lending product suite, introducing loans against stocks and other financial instruments. The startup is also integrating a savings account feature, allowing customers to earn higher interest while maintaining liquidity.

Yenmo (YC W24), a lending platform providing instant loans against mutual funds, has secured Rs 9.2 crore in a funding round led by Y Combinator, with participation from Pioneer Fund, ZAKA VC, and other global angel investors. Launched in 2022 by Ashutosh Purohit and Aryan Agarwal, Yenmo is committed to delivering top-tier credit products in India. Initially offering loans against mutual funds, the platform is now expanding into secured lending options, including loans against stocks and other assets. With its streamlined digital platform, Yenmo enables borrowers to complete the loan application process swiftly and securely in just 10 minutes. Want to deep dive? For premium market intelligence and insights, explore VCCEdge (link in the comment section 👇) #LendingPlatform #InstantLoans #MutualFunds #DigitalPlatform #VCCEdge