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Fintech startup Hotfoot secures angel funding

Make MSME contribute to Aatma Nirbhar Bharat

Chennai based digital lending, and financial technology company HotFoot Technology Solutions has secured $250000 in the funding round from a group of angel investors.

The funding was aided by the investment advisory and banking form ANOVA Corporate services, the company said in a statement.

HotFoot even has plans to deploy the funds to strengthen its technology platform and complete its new products for the collection, co-lending, and data analytics segments.

 “As part of our expansion, we will raise the next round of pre-series A funding by July-August of 2020,”

Vivek N, co-founder of Hotfoot Technology Solutions

The financial technology startups work on the RAPID, which is a state-of-the-art loan processing platform. HotFoot claims the platform uses the AI, automation, digitization, and machine learning to accelerate the manual processes and time-consuming.

The company also revealed that is core team has a combined experience of more than 75 years in the retail lending in India and has been with a strategic business partner with the non-banking financial services and banks and manufacturing companies.

HotFoot Technologies Solutions was founded by the Vivek N and Rajesh in the year 2016. The fintech startup provides with a suite of solutions that enable the end to end digital processing of all types of small and retail and medium enterprises loans.

Udit Agarwal
Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to vyapaarjagat. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.

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