Volt Money raises $1.5 mn in pre-seed round to target instant loans against mutual funds

Volt Money, a platform for instant secured loans against mutual funds, has announced a pre-seed fundraising round of $1.5 million today. Using Volt Money, mutual fund investors can unlock cash in 10 minutes at favorable terms such as low interest rates, interest-only EMIs & no pre-payment charges. Volt Money is disrupting instant secured loans for 10 crore investors with 40 lakh crore investment to easily meet short-term cash requirements without compromising long-term financial goals.

The fundraising featured participation from numerous renowned investors including Titan Capital, All In Capital, Praveen Jadhav of Raise Ventures, Aditi Kothari of DSP Adiko Holdings, Gemba Capital, Kunal Shah of Cred, & Ashish Kehair & Rahul Jain from Nuvama Wealth. The funding will be strategically used to recruit key personnel for product development and to establish beneficial partnerships.

Lalit Bihani, Co-Founder & CEO of Volt Money, said in a statement, “We’re at the cusp of disruption of instant secured loans in India. With the advanced digital infrastructures for KYC, account aggregator, and pledging capabilities, we’re ideally positioned to seize a unique & very large opportunity. We’re grateful for the trust our investors have placed in us.”
Highlighting Volt Money’s value proposition, Bipin Shah of Titan Capital noted, “Volt Money’s innovative approach to offer seamless liquidity against financial savings is an essential service for today’s investors. The early traction from customers and partners demonstrates a strong market fit for Volt Money’s platform.”

The Association of Mutual Funds in India (AMFI) indicates that 55% of mutual fund investments are liquidated within the first two years, robbing investors of the opportunity for compounding returns over time. Volt Money seeks to rectify this by offering attractive loan terms such as low interest rates, interest-only EMIs, and zero prepayment charges.

Volt Money is demonstrating industry leadership with its frictionless digital approach to securing loans against mutual funds. As Praveen Jadhav of Raise Ventures observes, “We recognize the immense potential of Volt Money’s mission to empower 10 crore investors to obtain instant secured loans, setting the stage for long-term wealth creation. The experienced founding team at Volt Money brings a strong combination of skills and expertise to spearhead this innovation.”

ETRise MSME Day 2022 Mega Conclave with Industry Leaders. Watch Now.