Mumbai-based financial technology startup LoanTap has raised $3 million in Series A funding from HNIs Abhishek Pandey and Jaysukh Sapra. The startup was launched in 2016 by Satyam Kumar and Vikas Kumar and provides EMI-free loans up to ₹10 lakh to salaried professionals. LoanTap will reportedly utilise 85% of the funding for onward lending to its customers.