LoanTap acquires Unofin, a digital lending platform
- ByStartupStory | March 29, 2023
LoanTap, the digital lending platform, has acquired Unofin, a fintech startup focused on healthcare, for an undisclosed amount. The move will enable LoanTap to tap into Unofin’s healthcare financing proficiency and broaden its presence in the fast-growing healthcare industry in India. To date, Unofin has catered to more than 12,000 clients, disbursing gross loans worth Rs 120 crore.
LoanTap, a digital lending platform, has partnered with 1,600 healthcare providers across seven cities, establishing itself as a significant player in the healthcare financing industry. The acquisition of Unofin, a healthcare-focused fintech startup, is a strategic move to expand LoanTap’s product offerings and tap into the immense potential of the healthcare sector, according to Satyam Kumar, CEO and co-founder of LoanTap.
The acquisition will allow LoanTap to utilize Unofin’s robust connections with top hospitals, clinics, and medical equipment providers to deliver tailored financing solutions to these organizations. The healthcare financing sector is a niche area with enormous growth potential, Kumar added. Tushar Aggarwal, CEO, and Co-founder of Unofin expressed that the integration of LoanTap’s digital capabilities would enable them to extend their reach to a larger customer base and offer them effortless credit accessibility. The Indian healthcare industry’s in-patient market is valued at over $64 billion, and the overall market is estimated to be worth $130-140 billion.
Follow Startup Story
Related Posts
