Volt Money, a leading platform for instant secured loans against mutual funds, has successfully completed a pre-seed fundraising round of $1.5 million. The platform enables mutual fund investors to access cash within 10 minutes, offering favorable terms such as low interest rates, interest-only EMIs, and no pre-payment charges. With the aim of serving 10 crore investors with a total investment of 40 lakh crore, Volt Money empowers individuals to meet short-term cash requirements without compromising their long-term financial goals.
The funding round attracted participation from renowned investors, including Titan Capital, All In Capital, Praveen Jadhav of Raise Ventures, Aditi Kothari of DSP Adiko Holdings, Gemba Capital, Kunal Shah of Cred, and Ashish Kehair and Rahul Jain from Nuvama Wealth. The raised funds will be strategically utilized to recruit key personnel for product development and establish valuable partnerships, further enhancing Volt Money’s services.
Founded in April 2022 by Lalit Bihani, Ankit Agarwal, and Bharat Lamba, three long-time friends since 2008, Volt Money embarked on its journey. In January 2023, they forged a strategic partnership with Bajaj Finserv Limited, India’s leading NBFC, to create a seamless end-to-end digital loan process. Today, the company has successfully served customers in over 80 cities, providing loans ranging from Rs. 25,000 to Rs. 2 Crores.
Commenting on the funding Lalit Bihani, Co-Founder & CEO of Volt Money, said, “We’re at the cusp of disruption of instant secured loans in India. With the advanced digital infrastructures for KYC, account aggregator, and pledging capabilities, we’re ideally positioned to seize a unique & very large opportunity. We’re grateful for the trust our investors have placed in us.”