Digital lending startup LoanTap buys healthcare fintech firm UnoFin

Pune-based LoanTap, a digital lending startup backed by Blackoil, has acquired New Delhi-based healthcare fintech firm UnoFin for an undisclosed amount.

As part of the development, LoanTap will leverage Unofin's expertise in healthcare financing to expand its reach in the rapidly-growing Indian healthcare sector.

In addition, LoanTap will be able to use Unofin's established connections with prominent hospitals, clinics, and suppliers of medical equipment to provide tailored financing options to these organizations as a result of the acquisition.

Founded by Tushar Aggarwal and Soumya Arora, Unofin offers contactless and digital payment experience services and allows people to undergo any type of medical procedure that they desire, enabling them to pay for the care they want.

The startup claims to have partnered with 1,600 healthcare service providers in seven cities, including Delhi NCR, Jaipur, and Chandigarh. Since its inception, It has served over 12,000 customers with Rs 120 crore of gross loan disbursals, it claims.

On the other hand, LoanTap, which was founded by Satyam Kumar and Vikas Kumar, offers personal loans to salaried professionals ranging between Rs 50,000 and Rs 10 lakh with an annual interest of 15-24%. 

It claims to have facilitated loans worth Rs 1,700 crore for its subsidiaries and technology clients and has two RBI-registered NBFCs subsidiaries.

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