Fintech Startup Chqbook Raises Funding Led By Youwecan Backed Startup Buddy
Fintech startup, Chqbook operated by Nineroot Technologies Pvt. Ltd., raises undisclosed funds from Youwecan backed Startup Buddy, Apurva Chamaria, global head of corporate marketing, HCL, Sachin Arora, ex-CTO Myntra, Bharat Gupta, Founder of Net Asset Consulting LLP, Amit Manocha, Private equity professional based out of Singapore, and others. Kunal Singhal, Partner at Suresh Chandra and Associates, was the advisor for the transaction. Amit Singhal joins the board at Chqbook while Apurva Chamaria and Sachin Arora join as advisors to the board.
Startup Buddy provides support functions such as incorporation, accounting and taxation, secretarial compliance, legal assistance and project advisory to startups. It is backed by cricketer Yuvraj Singh’s YouWeCan Ventures.
Gurgaon-based company, Chqbook allows customers to explore, compare, book and get personal finance products like home loans, personal loans and credit cards. It currently operates in four major cities and has over 400 plus experts on their platform.
Fintech startup Chqbook was founded in June last year by Vipul Sharma and Rajat Kumar in Gurgaon. While Sharma earlier worked at BankBazaar and IndusInd Bank, Kumar previously founded TheMoneyEstate.com and worked at IndusInd Bank.
The raised capital will be used to expand to 50 cities, and into new loan segments. “Currently, we provide only home loans. We will be adding personal loans and credit cards shortly,” said Vipul Sharma, co-founder and CEO, Chqbook.
“Financial products are complex and diverse and our model aims to provide complete and honest advise and support to retail consumers to take the best decisions for their financial needs. Currently, we provide only home loans on our platform and will be adding personal loans and credit cards shortly” said Vipul Sharma, co-founder & CEO, Chqbook.”
Chqbook is a marketplace for financial products – that brings suppliers (Banks & NBFC’s), distributors (Chqbook experts) and customers onto a single platform, both online and offline.
Customers can explore loans & check their eligibility while Chqbook uses machine learning and complex algorithms to match customers to the right provider. They give over 20+ options to choose from. Once a customer has made his choice, they can quickly book a Chqbook Expert for an appointment at their doorstep without having to fill tedious forms or upload documents. Chqbook tracks each application from the time that the loan is applied for, till the loan is approved; and steps in the minute there are delays or problems. Each application is tracked over a 100+ parameters and Chqbook monitors every stage of the approval process, making the experience seamless and magical – each time.
Earlier this month, Ahmedabad-based SME lending platform Lendingkart Technologies raised $10.9 Mn (INR 70 Cr) funding round, in the form of equity funds from Sistema Asia Fund, others.