LoanTap unofin acquisition: Digital lending platform LoanTap acquires Unofin

LoanTap unofin acquisition: Digital lending platform LoanTap acquires Unofin

Health Care Financing
Digital lending platform LoanTap on Wednesday stated it has acquired Unofin, a healthcare-focused fintech startup, for an undisclosed sum.

With this acquisition, LoanTap goals to leverage Unofin’s experience in healthcare financing to develop its attain within the rapidly-growing healthcare sector within the nation.

Unofin has serviced over 12,000 prospects with Rs 120 crore of gross mortgage disbursals thus far.

It has partnership with 1,600 healthcare service suppliers in seven cities, making it a key participant within the healthcare financing business.

“This acquisition is a strategic transfer for us to develop our product choices and faucet into the immense potential of the healthcare sector. We consider that healthcare financing is a distinct segment phase with super development potential,” stated Satyam Kumar, CEO and co-founder of LoanTap.

The acquisition may also allow LoanTap to leverage Unofin’s sturdy relationships with main hospitals, clinics, and medical tools suppliers to supply customised financing options to those entities.

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“With LoanTap’s digital capabilities, we can attain a a lot bigger buyer base and supply them with seamless entry to credit score,” stated Tushar Aggarwal, Co-founder, and CEO of Unofin.India’s healthcare market is estimated to be value $130-140 billion, with greater than $64 billion within the in-patient market.

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