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Yenmo offering loans against mutual funds raises $500K led by YC
short by Vivek / on Saturday, 23 March, 2024
Fintech platform Yenmo has raised $500,000 in a seed funding round led by Y Combinator. The startup allows users to borrow against their mutual fund investments at flat interest rate of 10.5%. It enables investors to view all their investments in real time, choose assets they wish to borrow against and receive the loan amount directly into their bank accounts.
read more at Indian Startup News