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Loanzen raises seed funding through TracxnSyndicate

The company currently lends in Bengaluru and plans to expand to Mumbai, Chennai by April 2016

BS Reporter  |  Chennai 

Loanzen, a peer to peer business loan marketplace startup, today announced that it has raised an undisclosed seed funding from Angels through TracxnSyndicate. Loanzen helps businesses that have been set up for less than three years, or do not have collateral, meet short term cash-flow gaps by offering them short tenor (upto 120 days) loans. Madhu Sudhan, Co-Founder, Loanzen commented that currently many small businesses get turned down by banks but are in dire need of short term credit to fuel growth. "Our mission to enable small, new age businesses to succeed and we see ...

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