Volt Money
Get credit line/OD limit against mutual funds starting at 9.95% per annum with trusted lenders in less than 5 minutes.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor investor investor investor investor investor investor investor investor investor investor investor investor investor investor investor investor investor | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
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Volt Money is a fintech startup that provides a unique financial solution for individuals looking to leverage their mutual fund investments without liquidating them. The company operates in the Indian financial market, specifically targeting retail investors who hold mutual fund portfolios. Volt Money offers a service known as Loan Against Mutual Funds (LAMF), which allows clients to borrow money using their mutual fund investments as collateral.
The primary clientele includes Indian residents aged between 18 and 65 who have mutual fund investments. These clients can use Volt Money's digital platform to lien mark their mutual funds, which means pledging their mutual fund units as security for a loan. This process is entirely digital, ensuring a seamless and quick experience. The platform supports a wide range of mutual funds, with over 4500 approved options from various asset management companies (AMCs) in India.
Volt Money's business model revolves around providing an overdraft facility against mutual funds. Clients can access an instant credit line without losing ownership of their mutual funds or the benefits associated with them. The funds are available as an overdraft, meaning clients only pay interest on the amount they actually use and for the duration they use it. This flexible repayment option, with no prepayment charges, makes it an attractive choice for meeting various financial needs such as travel, gadget purchases, balance transfers for high-interest loans, and medical emergencies.
The company generates revenue through the interest charged on the utilized overdraft amount. By offering a digital and hassle-free process, Volt Money aims to provide a convenient and cost-effective borrowing option for mutual fund investors.
In summary, Volt Money is a fintech company that offers loans against mutual funds, serving retail investors in India through a digital platform, and generates revenue from interest on overdraft facilities.
Keywords: fintech, mutual funds, loans, overdraft, digital platform, retail investors, India, collateral, flexible repayment, interest revenue.