Company is active
Event Year: 2024
Company is active
Event Year: 2024
Yenmo addresses a critical financial need in India, providing a superior alternative for the nation's 65 million investors who currently face high-interest personal loans or forced liquidation of investments when seeking immediate access to funds. Yenmo's innovative platform enables these investors to digitally pledge their existing investments as collateral, instantly securing loans at a fixed and competitive interest rate of 10.5%. This offers a significantly more favorable option compared to traditional personal loans, which often carry interest rates exceeding 18%. Yenmo empowers investors to leverage their assets without sacrificing long-term investment goals, providing a seamless and cost-effective solution for short-term liquidity needs.
Yenmo addresses a critical financial need in India, providing a superior alternative for the nation's 65 million investors who currently face high-interest personal loans or forced liquidation of investments when seeking immediate access to funds. Yenmo's innovative platform enables these investors to digitally pledge their existing investments as collateral, instantly securing loans at a fixed and competitive interest rate of 10.5%. This offers a significantly more favorable option compared to traditional personal loans, which often carry interest rates exceeding 18%. Yenmo empowers investors to leverage their assets without sacrificing long-term investment goals, providing a seamless and cost-effective solution for short-term liquidity needs.
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2024
Total Raised: Unknown (Y Combinator backed)
Last Round: Winter 2024
Fintech
Fintech
Fintech -> Credit and Lending
Fintech -> Credit and Lending
Team size: 5
Hiring: No
Team size: 5
Hiring: No