The Digital Lender . LoanTap has its own SaaS platform called LTFLoW, which enables the company to design and develop customized products.

By Priyanka Tanwer

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Photo Curtesy: Inhouse

Applying for a loan could be a tiring task, especially when navigating through the myriad of options and paperwork, and this was what Satyam Kumar wanted to solve and simplify with LoanTap. Launched in 2016, the LoanTap is a digital credit platform for salaried and self-employed people.

"Central to any lending ecosystem is its credit underwriting efficiency. Our credit underwriting process is heavily based on our proprietary AI engine that drastically improves our credit decisioning and beats industry standards by enhancing our ability to deliver more personalised loan offerings to our customers," Satyam Kumar, CEO & Co-Founder, LoanTap shared.

Kumar believes that access to credit has been made easier by the penetration of digital lending apps, simplified KYC process, and streamlined repayment options. LoanTap has its own SaaS platform called LTFLoW, which enables the company to design and develop customized products. It is also one of the few platforms that provide complete integrated solutions on a single platform, including Loan Sourcing (LOS), Loan Delivery, Collection and Asset Management Systems.

LoanTap has always been proactive and up-to-date with the regulations and technologies like AA, OCEN and introduction of new digital infrastructure to make good which can be also leveraged by new fintechs. "Aligning with necessary guidelines and regulations will ensure smooth business operations and allow fintechs to leverage the growing financial ecosystem in the country. We, at LoanTap, have always been proactive and up-to-date with the regulations and technologies like AA, OCEN and introduction of new digital infrastructure to make goodwhich can be also leveraged by new fintechs."

The company has an anchor-led distribution stack, marketplace for capital coverage, and in-house NBFC. In 2019, the company raised INR 395 million in series B round led by AVANA Capital. Going forward, the company plans to continue to create innovative products and expand into different markets

Factsheet

Amount of funding received: USD 29.7mn

Year of inception: 2016

No. of employees: 125-150

No. of App downloads: Close to 3mn

Current Turnover: INR 100 Cr approx

Priyanka Tanwer

Former Sr. Correspondent

  
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business Ideas

87 Service Business Ideas to Start Today

Get started in this growing industry, with options that range from IT consulting to childcare.

Business News

'Everyone Can Profit From It': What Is DeepSeek? China's 'Cheap' to Make AI Chatbot Climbs to the Top of Apple, Google U.S. App Stores

DeepSeek researchers claim it was developed for less than $6 million, a contrast to the $100 million it takes U.S. tech startups to create AI.

News and Trends

India Witnesses a Surge in Cyberattacks, Healthcare Sector Most Targeted: Report

The increasing use of GenAI tools has further amplified these threats through disinformation campaigns, deepfake videos, and targeted phishing schemes

News and Trends

Emiza Raises INR 100 Crore in Series C Funding, Valued at INR 400 Crore

The fresh capital will be used to enhance its technological capabilities, increase automation, and establish new facilities to support its growing client base

News and Trends

Padma Awards 2025: Indian Gov Gives a Round of Applause to Tech Figureheads

While previous editions of one of the country's highest civilian Awards have largely recognised contributions to computing, semiconductors, and machine learning, this year saw AI and deep tech gain widespread acknowledgement.