Financial Products Comparison Portal Connectabank Raises Angel Funding

Connectabank.com has raised an undisclosed amount from Gulab & Co’s Prakhar Bumb - Image Source

Connectabank.com has raised an undisclosed amount from Gulab & Co’s Prakhar Bumb – Image Source

Mumbai-based Rockdude Finpro Pvt Ltd, which owns and operates Connectabank.com, an online marketplace for lead generation and financial products comparison, has raised an undisclosed amount from Gulab & Co’s Prakhar Bumb.

The new funding will be used to expand the company’s presence in other cities and for product development. Founded in 2014, the startup connects with direct selling agents, real estate brokers, builders and chartered accountants to generate leads as well as allows loan distributors to manage customers using its proprietary CRM solution. It helps in providing home loan, personal loan, business loan and loan against property, by connecting with banks.

The company deploys a web-based credit calculator and payout tracker for channels partners, and enables retail users to check their loan eligibility and compare offers from different lenders. It’s partners include Axis Bank, HDFC Bank, ICICI, SBI, Reliance, Tata Capital, Kotak Mahindra, PNB, IndusInd Bank and ING among others.

In the online financial services space, the startup competes with firms like ApnaPaisa.com, Paisabazaar.com and BankBazaar.com.

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