Acies Ventures announces strategic investment in Neoble
Acies Ventures, the investment arm of Acies, has announced a strategic investment in Neoble, a technology-driven platform specializing in loan-against-securities products. This investment aligns with Acies Ventures’ commitment to transforming financial services by backing companies that enhance market infrastructure, digital lending, and financial inclusion.
Neoble’s platform enables customers to seamlessly pledge their financial securities – such as mutual funds and equities – to obtain loans efficiently. By digitizing the entire loan process, including KYC verification, agreement execution, and disbursement, Neoble ensures borrowers can access funds within hours, significantly reducing traditional processing times. The company is addressing the underpenetrated loan-against-securities market in India, particularly among retail investors.
Driving Innovation in the Loan-Against-Securities Space
With traditional loan-against-securities products being inaccessible primarily to retail investors due to complex processes and high entry barriers, Neoble is disrupting the market by introducing a simplified, digital-first approach. By streamlining the entire lending cycle and reducing processing times significantly, Neoble is enhancing financial inclusion and ensuring that individuals can easily unlock their investments’ liquidity.
Commenting on the investment, Muzammil Patel, CEO of Acies, said, “Our investment in Neoble aligns with our vision to revolutionize financial services through technology-driven solutions. Neoble’s innovative platform provides quick and efficient access to credit and brings awareness to retail investors on the benefits of leveraging their financial assets. We believe this partnership will significantly contribute to financial inclusion and market transparency.”
Leveraging Technology for Market Transformation
Neoble’s approach is deeply rooted in leveraging advanced technology to create a frictionless experience for borrowers. Its intuitive platform allows customers to complete loan applications, pledge their securities, and receive funds without extensive paperwork or prolonged processing times.
Abhinava Bajpai, Head of Acies TechWorks, highlighted the technological advancements Neoble brings to the market, “Neoble’s platform exemplifies the fusion of cutting-edge technology with financial services. By digitizing the loan-against-securities process, they have created a user-friendly experience that caters to the evolving needs of today’s retail investors. We are excited to support Neoble in scaling their operations and reaching a broader marketplace.”
JP Sinha, Founder and CEO of Neoble adds: “Neoble’s platform is redefining how retail investors can access alternative financing options instead of the traditional consumer loans. By digitizing the loan-against-securities process, we are bringing much-needed awareness, accessibility, speed and ease-of-use to retail investors. We are excited to have Acies Ventures as a strategic investor and share our vision to enhance financial inclusion in India.”
