Volt Money Raises $1.5 Million in Pre-Seed Funding Round

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Volt Money recently revealed that they have raised $1.5 million in a pre-Seed fundraising round. This platform provides instant secured loans against mutual funds. Several investors, such as All In Capital, Titan Capital, DSP Adiko Holdings' Aditi Kothari, Kunal Shah from Cred, Raise Ventures' Praveen Jadhav, and Nuvama Wealth's Ashish Kehair and Rahul Jain, participated in the funding round. The funds raised will be utilized wisely by adding vital personnel for product development and securing mutually beneficial partnerships.

At present, Volt Money is on the verge of innovating the field of quickly obtainable and safe loans in India. Given the cutting-edge technological systems established for KYC, account management, and collateral management, we are in a favorable position to take advantage of an unprecedented and sizeable opportunity. We appreciate and acknowledge the confidence our investors have shown in us," expressed Lalit Bihani, co-founder and CEO at Volt Money.

According to the Association of Mutual Funds in India (AMFI), majority of mutual fund investments, which is 55%, are withdrawn within the initial two years of investment, resulting in the loss of potential returns that could have been compounded over time. However, in an official statement, Volt Money has asserted to tackle this issue by presenting appealing loan conditions that feature desirable traits like low interest rates, EMIs consisting only of interest charges, and no fees for early repayments.

The business has announced that it is offering a new solution that will provide INR 10 crore investors who have invested INR 40 lakh crore access to secure loans instantly. This service will allow investors to meet their short-term cash needs without affecting their long-term financial objectives.

According to Titan Capital's Bipin Shah, Volt Money's creative way of providing effortless access to cash in exchange for financial savings is a crucial service for present-day investors. The positive response from customers and partners confirms that Volt Money's platform is well-suited for the market.

Volt Money was established in April 2022 by Lalit Bihani, Ankit Agarwal, and Bharat Lamba, with the goal of assisting ten million savvy investors in attaining their short-term financial objectives without jeopardizing their long-term prospects.