MoneyTap - India's First Credit Line App

About MoneyTap - India's First Credit Line App

MoneyTap is India's first app-based consumer credit line, offered in partnership with leading banks and NBFCs. We have raised $9 million in our series, from Sequoia India along with existing investors new enterprise associates (NEA) and prime venture partners. The total capital raised is $12.3 million. Using our Android & iOS apps and IndiaStack, consumers go through credit-qualification and a paperless KYC process in 4 minutes. Once approved, a user gets access to his/her credit limit and can request money anytime from the app. A user can choose to borrow any amount ranging from INR 3000 up to your maximum credit limit of INR 500000. The amount gets transferred instantly 24x7 and the user can choose the EMIs of their choice to repay the amount borrowed. Not just this, when repaid, the credit limit gets recharged automatically. A user can borrow again from the credit limit. Our product is available in 44 cities across India.