MUMBAI: New Delhi-headquartered Fin-Tech Startup Loanwalle.com has expanding its operations in Punjab. Going ahead with its rapid expansion plan, the company invested Rs 30 crore in Punjab while focusing on key cities like Chandigarh, Ludhiana, Ambala, Jalandhar and Amritsar.
Ranked 14th on the GDP index, 46 per cent of the population in Punjab comprises of serviced individuals. The city holds great significance for start-ups like Loanwalle.com as the company serves the short-term financial needs of serviced individuals.
Loanwalle.com founder Sachin Mittal said: “Continuing our expansion drive, we have entered Punjab with our offices across all major cities in the state like Chandigarh, Ludhiana, Ambala, Jalandhar and Amritsar to provide short-term emergency loans.”
Mittal further added: “We will be investing Rs 30 crore in the state over the next one year. Right from the onset, Punjab is showing great potential to be amongst the better states served by Loanwalle.com.”
Incorporated in the year 2018, Loanwalle.com already has offices in Delhi, Mumbai, Pune, Bangalore, Gujarat, Hyderabad, Chennai, Kolkata, Madhya Pradesh and Telangana and is spreading its wings in the remaining parts of the country. The fin-tech start-up plans to grow by 200 per cent by December 2020.