Bengaluru: Optimo Capital, a digital Loan Against Property (LAP) fintech-NBFC, has raised ₹150 crore ($17.5 million) in a Series-A round led by founder Prashant Pitti, with continued backing from Blume Ventures and Omnivore.
With nearly 4.8 crore small-business owners – about 75% of India’s total MSME base – lacking formal credit history, Optimo Capital aims to bridge this financing gap by helping entrepreneurs leverage their homes or commercial properties as collateral.
This model enables access to higher-value loans at significantly lower interest rates than unsecured business loans.
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Optimo Capital: Rapid, AI-Powered Loan Disbursal System
Utilizing 77 lakh digital land records and AI-powered valuation and verification, Optimo Capital has revolutionized the traditional lending process by offering property valuation, title verification, and in-principle approvals within hours, with loan disbursal times reduced to under a week – compared to the industry average of 4–6 weeks.
In just 18 months of operation, Optimo Capital has built a ₹350 crore loan book and expanded into 56 cities across Karnataka, Tamil Nadu, Telangana, Andhra Pradesh, and Madhya Pradesh.
The company achieved profitability within three months of inception and has remained profitable for over 15 months – an uncommon feat in India’s fintech lending landscape.
Backed by Leading Investors
Founder and Managing Director Prashant Pitti emphasized, “Optimo is unlocking India’s largest asset class – its land and property – by allowing owners to obtain secured loans simply through WhatsApp.
India’s mortgage-to-GDP ratio stands at just 9%, compared to over 50% in developed economies, highlighting vast untapped potential.”
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Blume Ventures Partner Ashish Fafadia lauded Pitti’s leadership and operational discipline, calling Optimo a blueprint for accessible and affordable property-backed credit.
Omnivore Partner Reihem Roy noted that the ₹22 lakh crore mid-ticket LAP market remains largely underpenetrated, with only 28% currently being served.
Strategic Debt Partnerships and Future Expansion
In addition to its Series-A equity round, Optimo Capital has raised ₹110 crore in debt from IDFC and Axis Bank, with additional PSU banks and large NBFCs expected to join as co-lenders.
The funds will bolster the company’s AI infrastructure, co-lending partnerships, and geographical expansion into tier-3 markets to help bridge India’s $530 billion credit gap.
