Yenmo
ActiveSecured consumer lending in India
About
Yenmo offers a better way to access cash for India’s 65 million investors who either resort to personal loans at over 18% interest or have to liquidate their investments when in need of money. With Yenmo, they can pledge their investments digitally and instantly get a loan at a fixed 10.5% interest rate. Our Insight - In India, over 30% of personal loan borrowers have active investments and are paying double the interest rate they qualify for with us.
Founders · 2
Passionate about providing the best financial solutions for Indians! At Navi, I led the creation and growth of their Mutual fund arm, going from 0 to $625M AUM in a year. Previously, at Swiggy, I spearheaded expansion from 30 to 500 cities in 1.5 years.
Finance and Tech enthusiast working towards empowering Indians with new and innovative credit solutions. Worked at Browserstack for 2 Years before starting a Capital Management Company based out of India with over $2 million AUM.
Launch
Enabling Indians to access cash without the need to sell their investments
Yenmo offers loans against investments (mutual funds and stocks) for Indian investors, enabling real-time pledging and funds disbursement at a flat 10.5% interest, without liquidating assets. It targets India’s 60 million investors seeking liquidity without high-interest personal loans or investment liquidation.
From the original launch (Feb 2024) — may be outdated.
