Mumbai based online lending platform raised $6.5m led by China based VC firm Shunwei Capital.
“We are quite interested in the personal loan and consumption space in India and find it quite an under-penetrated market. LoanTap, with its strict credit quality algorithm, is well placed to capture this market,” Tuck Lye Koh of Shunwei Capital said in the statement.
https://www.vccircle.com/shunwei-capital-leads-fresh-funding-round-in-fintech-startup-loantap/