SMEcorner raised $30 million in equity & debt from Paragon Partners

Digital lending platform SMEcorner raised $30 million in equity & debt led by Paragon Partners, where Founder Samir Bhatia, Quona Capital, Accion Venture Lab & some HNI's also participated

SMEcorner offers quick access to business loans to MSME's, & runs 2 products unsecured business loans & loans against property, with an average ticket size of Rs 6 lakh at an interest rates of 19-26% depending on the size of loans

Currently present in 15 cities including Mumbai, Pune, and Delhi, the company claims to have served more than 8,500 customers while disbursing loans in excess of Rs 550 crore to date.

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