Kae Capital invests in online lender Loanzen in Series A Round

Digital lending startup Loanzen that offers loans to small companies in the logistics sector has raised pre-Series A funding from venture capital firm Kae Capital Management.

The company will use the funds to expand its team in Bengaluru and grow its loan book, the startup said in a statement. It didn’t disclose the amount raised.

“What we saw in Loanzen was an opportunity to build a large business in underserved small and medium enterprise credit markets with a blend of technology and operational efficiencies,” said Shubhankar Bhattacharya, venture partner at Kae Capital.

The startup was founded in September 2015 by IIM-Bangalore alumni Madhu Sudan and Venkatesh Sankararaman and Ritesh Kadmawala, a computer science graduate from the University of Southern California.

In February 2016, Loanzen raised an undisclosed amount in seed funding from angel investors through angel network Tracxn Syndicate.