Yenmo Technologies Analysis: $500K Raised
What is Yenmo Technologies?
Yenmo Technologies provides loans against mutual funds through a fully digital platform, featuring low interest rates and no hidden charges.
Employees
5
Revenue
$118K
Investors
- Y Combinator
ZoomInfo
Product Features & Capabilities
- Loan against mutual funds, instant loans up to ₹5 Cr, interest rate of 10.5%, fully digital process, no hidden charges, no foreclosure or prepayment charges, pay only the interest, customer support available.
Pricing
- Instant loans up to ₹5 Cr
- Interest rate: 10.5%
- No hidden charges
- No foreclosure or prepayment charges
- Pay only the interest, no need to pay EMI
How much Yenmo Technologies raised
Seed - $500,000
11 months agoLead Investor: Y Combinator
Who are the founders of Yenmo Technologies
AP
Ashutosh Purohit
Founder
AA
Aryan Agarwal
Founder
Market Focus
Yenmo Technologies primarily focuses on the financial services industry, specifically offering loans against mutual funds through a fully digital process.
Business Model
B2C and B2B models; revenue from interest on loans against mutual funds.
Competitors Overview
Yenmo Technologies competes in the market for loans against mutual funds with several notable companies:
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Vedant Asset: Specializes in asset management and investment solutions, offering a broader range of investment options compared to Yenmo.
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CashRich: A wealth management app that fe
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