My Mudra, a new fintech, plans to raise pre-Series A round

New Delhi [India]April 14 (ANI/SRV): My Mudra, a fintech that has been quenching the financial thirst of people for decades, plans to raise its pre-Series A round in this financial year. My Mudra has welcomed this new financial year with the decision to raise an undisclosed amount. The Delhi-based bootstrap fintech organization was built in 2013 and has been a helping hand to thousands of people in need of financial services. The organization tries to change the mindset of people who think that taking financial aid is a burden on their shoulders by changing it into a planned decision and path to fulfill their dreams.

Founder and CEO Vaibhav Kulsreshtha has revealed that “the funds received will be used to strengthen the roots of technology in the organization and to add more financial products”. He further added that he is nurturing My Mudra as his child to bring optimistic change to the financial services domain. The company has worked with products such as business loans (secured and unsecured), business financing, unsecured working capital, professional loans for CA, CS, doctors and architects, and secured loans. Financial services is a crucial domain that will represent linear growth if the company is ready to bring a solution to the financial crisis people are facing. So far the organization has disbursed loans of more than Rs. 10000 crores through the association with more than 90+ banking partners including top banks like HDFC, Axis, Bajaj Finserv, Kotak Mahindra, etc. The hour calls to make people financially stable and My Mudra is taking steps to make it possible.

The company has set its footprint in most of the country with more than 140 branches and the team strength of over 500 people who are ready to go the extra mile to achieve the goals. The organization’s head office has been established in Delhi. Started in a room with the thought of reducing the plight and burden of lakhs of people who need financial help. By setting up branches in remote parts of India, the company is trying to expand with the idea of ​​making a name for itself with the local people. Although banks and NBFCs provide financial help, but still getting a loan is a strenuous task, with too much documentation, and still many people face loan rejection. Min Mudra has become a bridge between banks and customers. Where other competitors pay attention to either the physical or the technological aspect, the organization’s USP provides help through the Phygital process which shows financial help through physical and digital process.

Currently, My Mudra invites potential strategic investors who can contribute to the organization’s vision. This new financial year, the organization is taking a step ahead to increase the growth of the company by adding stakeholders and investors who believe in creating a financially independent society.

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