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Digital Lending platform LoanTap acquires Unofin

March 29, 2023

Digital Lending platform LoanTap acquires Unofin
Digital lending platform LoanTap on Wednesday said it has acquired Unofin, a healthcare-focused fintech startup, for an undisclosed sum.

With this acquisition, LoanTap aims to leverage Unofin’s expertise in healthcare financing to expand its reach in the rapidly-growing healthcare sector in the country.
 
Unofin has serviced over 12,000 customers with ₹120 crore of gross loan disbursals so far.
 
It has partnership with 1,600 healthcare service providers in seven cities, making it a key player in the healthcare financing industry.
 
“This acquisition is a strategic move for us to expand our product offerings and tap into the immense potential of the healthcare sector. We believe that healthcare financing is a niche segment with tremendous growth potential,” said Satyam Kumar, CEO and co-founder of LoanTap.
 
The acquisition will also enable LoanTap to leverage Unofin’s strong relationships with leading hospitals, clinics, and medical equipment suppliers to offer customised financing solutions to these entities.
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