Quikkloan, a credit scoring analytics based online loan marketplace, has raised an undisclosed amount as seed funding led by a series of angel investors including Arun Diaz, advisor of Aavishkaar; Aasif Ahsan Khan, MD and CEO Of Fab Technologies; and Sanjay Budhwar. The company was founded by Jamil Akhtar in 2016.
The startup will utilise the funds to upgrade its technological products, refine its data science capabilities and add more members to the team. The startup is also planning to expand their reach.
Quikkloan facilitates personal loan, business loan, home loan, car loan, education loan and also has other financial products. Their platform enables customers to search the product, compare quotes and select offers from various lending institutions and apply online. Quikkloan leverages proprietary technology platform uses big data, machine learning algorithms, accounting data, online sales, shipping data, aggregation and electronic payment technology to analyse the creditworthiness of no credit or low credit profile customers to identify and apply loans within minutes.
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