Volt Money, a fintech platform for instant secured loans against mutual funds.
Volt Money has raised $1.5 million in pre-seed funding round led by Titan Capital and All In Capital.
The other investors that have participated in the funding round are Pravin Jadhav of RAISE Ventures, Aditi Kothari Desai of DSP Adiko Holdings, Gemba Capital, & Ashish Kehair & Rahul Jain from Nuvama Wealth. The funding will be strategically used to recruit key personnel for product development and to establish beneficial partnerships.
Lalit Bihani, Co-Founder & CEO of Volt Money, said in a statement, “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.”
In highlighting Volt Money’s value proposition, Titan Capital’s Bipin Shah said, “Volt Money’s innovative approach to offer seamless liquidity against financial savings is an essential service for today’s investors. The early traction from customers and partners demonstrates a strong market fit for Volt Money’s platform.”