India’s Loan Frame Secures $2.25mn

Business marketplace lender Loan Frame has announced a $2.25 million fundraise that will help the firm expand its business in India as demonetization and the Indian economy present new opportunities for growth; participants in the $2.25 million funding round included the co-founder of Vedanta Capital, the former chairman of Visa International and the co-chief executive of MIO Partners; the platform has stated it is seeking to build the largest small and medium-sized business lending marketplace in the sub-continent; expects to lend $150 million over the next two years with both secured and unsecured loans.  Source