India’s Acies Ventures invests in loan-against-securities solution
India’s Acies Ventures has announced a strategic investment in Neoble, a technology solution for loan-against-securities products.
The investment arm of technology consultancy and investor Acies said that Neoble is addressing the underpenetrated loan-against-securities market in India, particularly among retail investors.
Neoble’s platform enables customers to pledge their financial securities – such as mutual funds and equities – to obtain loans efficiently.
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It digitises the entire process including KYC verification, agreement execution and disbursement to reduce traditional processing times.
“Neoble’s platform is redefining how retail investors can access alternative financing options instead of the traditional consumer loans,” said JP Sinha, founder and chief executive of Neoble.
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“By digitizing the loan-against-securities process, we are bringing much-needed awareness, accessibility, speed and ease of use to retail investors. We are excited to have Acies Ventures as a strategic investor and share our vision to enhance financial inclusion in India.”
Muzammil Patel, chief executive of Acies, said: “Our investment in Neoble aligns with our vision to revolutionize financial services through technology-driven solutions. Neoble’s innovative platform provides quick and efficient access to credit and brings awareness to retail investors on the benefits of leveraging their financial assets. We believe this partnership will significantly contribute to financial inclusion and market transparency.”
