Volt Money, a platform for instant secured loans against mutual funds, has raised $1.5 million in a pre-seed funding round. The investment round witnessed the participation of companies like Titan Capital, All In Capital, Praveen Jadhav of Raise Ventures, Aditi Kothari of DSP Adiko Holdings, Gemba Capital, Kunal Shah of Cred, & Ashish Kehair & Rahul Jain from Nuvama Wealth

The company will utilise the newly-infused fund to recruit employees for product development. In addition to this, the company wants to establish beneficial partnerships. 

Founded by three IIT graduates Lalit Bihani, Ankit Agarwal and Bharat Lamba in 2022, the company onboarded Indian NBFC Bajaj Finserv in January. The company has claimed to serve customers from more than 80 cities with loans ranging from Rs. 25,000 to Rs two crore.

Talking about the latest development, Lalit Bihani, Co-Founder & CEO of Volt Money, said, "We're at the cusp of disruption of instant secured loans in India. With the advanced digital infrastructures for KYC, account aggregator, and pledging capabilities, we're ideally positioned to seize a unique & very large opportunity. We're grateful for the trust our investors have placed in us."

Highlighting Volt Money's value proposition, Bipin Shah of Titan Capital noted, "Volt Money's innovative approach to offer seamless liquidity against financial savings is an essential service for today's investors. The early traction from customers and partners demonstrates a strong market fit for Volt Money's platform."

Praveen Jadhav of Raise Ventures comments, "We recognize the immense potential of Volt Money's mission to empower 10 crore investors to obtain instant secured loans, setting the stage for long-term wealth creation. The experienced founding team at Volt Money brings a strong combination of skills and expertise to spearhead this innovation."