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.