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Yenmo

Secured consumer lending in India

Y CombinatorWinter 2024ActiveFintechCredit and LendingFintechLendingConsumer Finance

What they do

Problem

Indian investors needing cash either take high-interest personal loans or are forced to liquidate their investments.

Solution

Yenmo provides instant digital loans against pledged investments at a fixed 10.5% interest rate.

Who it's for

Retail investors in India who have investments and need short-term credit.

Founders

Ashutosh Purohit
Founder

Passionate about providing the best financial solutions for Indians! At Navi, I led the creation and growth of their Mutual fund arm, going from 0 to $625M AUM in a year. Previously, at Swiggy, I spearheaded expansion from 30 to 500 cities in 1.5 years.

Aryan Agarwal
Founder

Finance and Tech enthusiast working towards empowering Indians with new and innovative credit solutions. Worked at Browserstack for 2 Years before starting a Capital Management Company based out of India with over $2 million AUM.

Company timeline

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