Indian Startup News · Mar 2025
Reports the March 2025 fundraise and Yenmo’s plan to broaden into secured credit products over stocks while strengthening technology and operations.
Public company, workplace, funding, and market signals
Yenmo is a Bengaluru-based fintech platform focused on ethical, low-cost secured lending—especially loans against mutual funds and stocks—marketed as a “good loan” alternative to high-interest personal loans.
Primary product
Loan Against Mutual Funds (LAMF) / instant secured credit against mutual funds and stocks
Founded
2022
Headquarters
Bengaluru, Karnataka, India
Team size
1-10
Industry
Financial Services
Sub-industry
Fintech; secured consumer lending / loan against mutual funds
Offices
0 jobs at Yenmo
Check back later for new openings
Business model
Stage
Seed
Total raised
$1.6M
Latest round
Seed · Mar 2025
Latest amount
$1.1M
Investors
Public messaging emphasizes transparency, respectful customer support, no hidden charges, and ethical lending. Founder posts also suggest a strong preference for in-person collaboration at startup scale.
Pricing
Secured lending priced from 9.89% interest (typically around 10-11% on withdrawn amounts), plus a ₹1,499 + 18% GST processing fee; no foreclosure, part-payment, or withdrawal charges.
Differentiators
Technology
Customers
Competitors
Estimated revenue
₹0–10 Cr (public-company-profile range; FY25 revenue cited by Inc42 was ₹1.6 lakh)
Estimated monthly visits
17K
Traffic estimate as of Jul 2026
Indian Startup News · Mar 2025
Reports the March 2025 fundraise and Yenmo’s plan to broaden into secured credit products over stocks while strengthening technology and operations.
CEO VINE · Mar 2025
Another report of the March 2025 raise, citing the company’s plan to expand its product portfolio, technology infrastructure and market reach.
VCCircle · Mar 2025
Reports Yenmo raised Rs 9.2 crore in a round led by Y Combinator, with participation from Pioneer Fund, Zaka VC and angels; notes planned product expansion, faster onboarding and a larger team.
BW Disrupt · Mar 2025
Covers the same funding round and quotes Ashutosh Purohit on building India’s first ‘Good Loan Company’ with ethical lending practices.
Business Standard · Mar 2024
Covers Yenmo’s earlier $500,000 round led by Y Combinator and describes the product as instant loans against mutual funds.