Optimo Loan employs a hybrid approach that combines digital underwriting and loan disbursement technology with in-person assessments by field agents. This model ensures a comprehensive understanding of each business's unique needs and facilitates quick loan disbursements, often within a few days.
In March 2024, Optimo Loan secured $10 million in its initial equity funding round, led by Blume Ventures and Omnivore, with additional investment from founder Prashant Pitti. The company aims to address the significant credit gap in India's MSME sector by leveraging technology and co-lending partnerships with banks and larger non-banking financial companies (NBFCs).For more information about their services or to explore financing options for your business, you can visit their official website at optimoloan.com.