Mumbai-based Bestdealfinance, which visions to be a financial supermarket and is currently growing with a focus on loans for retail and SME customers, has raised over Rs.20 crore from Kalaari Capital, YourNest Angel Fund, Globevestor and Dexter Capital, as per a report in ET.
With the online financial market heating up, the company plans to use the raised amount in building on its technology automation in the financial processes. Currently its online presence is merely a lead generation platform to service over phone.
The company has received more than 6000 loan applications already since the launch of their service in March, acting as a trust builder for VC’s interested in financial technology sector. It competes with companies such as Bankabaazar, Policybazaar, and Scripbox among others. The portal has partnered with about 40 banks, and lists over 96 products on its platform.