The AIF is part of Lighthouse Canton’s Southeast Asia & India venture debt strategy. The AIF has a capacity of Rs 550 crore and a Greenshoe option of additional Rs 550 crore, and it reached a first close of Rs 155.4 crore earlier this year. Through the AIF, Lighthouse Canton provides debt capital to technology-enabled start-ups across India.
LoanTap Financial Technologies (LFTPL) offers end-to-end lending through LTFLoW for sourcing, delivery, and asset management. This AI-driven technology platform has been adopted by over 30 e-commerce sourcing partners. It has 10+ LTFLoW clients, including some of India’s major banks, Non-Banking Financial Companies (NBFCs), payment platforms, and ERP solution providers catering to roughly 2 million micro, small, and medium-sized enterprises (MSMEs).
Satyam Kumar, Co-founder and CEO at LoanTap, said in a statement, “It’s our pleasure to have Lighthouse Canton on board in our growth journey, and excited for the passion resonated by Ankit Agrawal and Sanket Sinha in the potential of LTFLoW platform in delivering the digital credit solutions in India.”
Ankit Agrawal, Director of Venture Debt at Lighthouse Canton, said, “We are excited to be a part of the debt round in LoanTap. Solutions offered by their LTFLoW platform have been helping MSMEs and retail customers to avail loans. The platform is gradually modernizing lending processes and we are looking forward to supporting the company’s growth objectives through our venture debt strategy.”
Lighthouse Canton, headquartered in Singapore, is a global investment institution with wealth and asset management capabilities.
