# Yenmo Technologies Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/yenmo-technologies-pvt

- Industry: Financial Services
- Headquarters: Bangalore, India
- Website: www.yenmo.in
- Total disclosed funding: $0.5M
- Latest round: Seed (May 6, 2024)
- Investors on record: 3

## About

Based in Karnataka, India, and founded in 2022, Yenmo Technologies Pvt. Ltd. operates as a provider of an online platform that enables users to take loans at an interest rate by pledging the mutual funds. In March 2024, new investor Y Combinator raised USD 500,000 in seed funding for Yenmo Technologies Pvt. Ltd. 

Yenmo is a startup that provides loans secured by mutual funds. The company offer loans as a method to get cash without affecting long-term investing plans. The comapny loans have lower interest rates than personal loans, and only pay interest on what has been withdrawn. There are no prepayment penalties, and customers may choose to pay only interest during the loan duration. They do not run a credit check, but the loan amount is determined by customer's existing mutual fund assets. The loan application process is quick and may be completed online.

## Funding rounds

- Seed, May 6, 2024 — Team Ignite Ventures
- Seed, Mar 31, 2024 — Pioneer Fund
- Seed, Mar 22, 2024, $0.5M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Pioneer Fund (https://capitalatlas.ai/funds/pioneer-fund) — Seed
- Team Ignite Ventures (https://capitalatlas.ai/funds/team-ignite-ventures) — Seed