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Navanc Raises Seed Funding to Revolutionize Secured Lending with AI-powered Property Score


Published on 2024-12-12 07:22:27 - Business Standard
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  • Navanc, a pioneering FinTech startup building India's first AI-powered property score and stack for secured lending and insurance practices, has successfully raised USD 1 million in a seed funding round.

Navanc, a proptech startup, has successfully raised an undisclosed amount in seed funding to enhance its AI-driven platform aimed at transforming secured lending. The company focuses on providing a comprehensive property score that evaluates various aspects of real estate to facilitate quicker and more reliable loan approvals. This funding round was led by Inflection Point Ventures, with participation from other investors like First Cheque, Capri Global, and Ankur Capital. Navanc's technology integrates data from multiple sources to offer insights into property valuation, legal status, and market trends, thereby reducing the risk for lenders and improving the efficiency of the lending process. The startup plans to use the funds to expand its market reach and further develop its AI capabilities.

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