403
Sorry!!
Error! We're sorry, but the page you were looking for doesn't exist.
Optimo Capital Raises INR 150 Crore ($17.5 M) In Series-A To Redefine Property-Backed Lending In India
(MENAFN- ForPressRelease)
Bengaluru, 28th October 2025: Optimo Capital, Indiaâ€TMs only digital Loan Against Property (LAP) fintech-NBFC, has raised INR 150 crore ($17.5 million) in its Series-A round, led by founder Prashant Pitti along with existing investors Blume Ventures and Omnivore.
Around 4.8 crore small-business owners (75% of total) don\'t have credit-history, making it difficult for them to access large-ticket business loans from banks/NBFCs. Yet, most of them own a home or shop, their most valuable but under-used asset. Optimo allows these MSME entrepreneurs to use that property as collateral, and get higher loan-amount (at lower interest-rate compared to unsecured business or personal loans).
Using 77 lac digital land records & AI-driven processes, Optimo does property-valuation & title-verification quickly and provides in-principle approvals within hours & loan disbursals in under a week, something that traditionally takes 4 to 6 weeks.
In just 18 months, Optimo has built a INR 350 crore loan book, and opened branches in 56 cities in Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Madhya Pradesh with a team of 480. Remarkably, the company became profitable within three months of inception and has stayed profitable for over 15 months, a rare milestone in the fintech lending space.
\"Optimo is unlocking Indiaâ€TMs biggest asset (53% of nation\'s wealth), its land & property, by allowing property-owners to quickly get secured-loans by WhatsApping at 7996.796.796\", said Prashant Pitti, Founder & MD. “Indiaâ€TMs Mortgage-to-GDP ratio is just 9% versus above 50% in developed economies, clearly we are not utilising our biggest wealth to grow our GDP faster.\"
Ashish Fafadia, Partner at Blume Ventures, said: “Prashantâ€TMs leadership and disciplined execution are rare in financial services. Optimo is building the blueprint for higher-amount & affordable loans backed by property, the future of secured lending in India.\"
Reihem Roy, Partner at Omnivore, added: “The mid-ticket LAP market is a INR 22 lakh crore opportunity, and only 28% is being met today. Optimoâ€TMs tech-first model is perfectly timed to fill that gap.\"
Additionally, Optimo has raised the debt of INR 110 Crs from IDFC & Axis Bank, while several PSU banks and large NBFCs are expected to be added as debtors or co-lending partners shortly. The company will use the new funds to expand its technology, AI infra, co-lending partnerships, and presence across tier-3 India, to bridge the USD 530 billion credit-gap that exists in the Indian ecosystem.
Around 4.8 crore small-business owners (75% of total) don\'t have credit-history, making it difficult for them to access large-ticket business loans from banks/NBFCs. Yet, most of them own a home or shop, their most valuable but under-used asset. Optimo allows these MSME entrepreneurs to use that property as collateral, and get higher loan-amount (at lower interest-rate compared to unsecured business or personal loans).
Using 77 lac digital land records & AI-driven processes, Optimo does property-valuation & title-verification quickly and provides in-principle approvals within hours & loan disbursals in under a week, something that traditionally takes 4 to 6 weeks.
In just 18 months, Optimo has built a INR 350 crore loan book, and opened branches in 56 cities in Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Madhya Pradesh with a team of 480. Remarkably, the company became profitable within three months of inception and has stayed profitable for over 15 months, a rare milestone in the fintech lending space.
\"Optimo is unlocking Indiaâ€TMs biggest asset (53% of nation\'s wealth), its land & property, by allowing property-owners to quickly get secured-loans by WhatsApping at 7996.796.796\", said Prashant Pitti, Founder & MD. “Indiaâ€TMs Mortgage-to-GDP ratio is just 9% versus above 50% in developed economies, clearly we are not utilising our biggest wealth to grow our GDP faster.\"
Ashish Fafadia, Partner at Blume Ventures, said: “Prashantâ€TMs leadership and disciplined execution are rare in financial services. Optimo is building the blueprint for higher-amount & affordable loans backed by property, the future of secured lending in India.\"
Reihem Roy, Partner at Omnivore, added: “The mid-ticket LAP market is a INR 22 lakh crore opportunity, and only 28% is being met today. Optimoâ€TMs tech-first model is perfectly timed to fill that gap.\"
Additionally, Optimo has raised the debt of INR 110 Crs from IDFC & Axis Bank, while several PSU banks and large NBFCs are expected to be added as debtors or co-lending partners shortly. The company will use the new funds to expand its technology, AI infra, co-lending partnerships, and presence across tier-3 India, to bridge the USD 530 billion credit-gap that exists in the Indian ecosystem.
Company:-MSL Group
User:- Amit Sharma
Email:[email protected]
Legal Disclaimer:
MENAFN provides the
information “as is” without warranty of any kind. We do not accept
any responsibility or liability for the accuracy, content, images,
videos, licenses, completeness, legality, or reliability of the information
contained in this article. If you have any complaints or copyright
issues related to this article, kindly contact the provider above.
Most popular stories
Market Research
More Story
Comments
No comment