Fintech lending platform Mannjal has secured ₹17.5 crore in a fresh seed funding round, led by Arali Ventures with participation from B Capital, Sparrow Capital, and Gemba Capital. The company aims to use this investment to strengthen its technology, expand its network of lending partners, and accelerate its mission to simplify credit access across India. Founded in 2023, Mannjal has quickly positioned itself as a full-stack lending infrastructure provider that helps banks, NBFCs, and financial institutions process loans faster, more accurately, and with far less friction.
Mannjal’s Role in Modern Lending
Mannjal operates as a powerful digital layer between borrowers and lenders. Its platform collects borrower information, enriches datasets with additional sources, and helps lenders run smooth verification and approval processes. For many institutions, this replaces slow, paper-based workflows with a fast digital system. Mannjal’s solutions are especially focused on sectors that are critical for India’s growth, such as MSMEs, affordable housing, and agriculture. These segments often face long approval delays because of complex documentation and manual checks. By automating these difficult steps, the platform enables lenders to take more confident decisions while reducing turnaround time. This makes it easier for a small shop owner, a farmer, or a first-time homeowner to get access to fair and timely credit.
Growth Driven by Speed and Efficiency
In a short span of 18 months, Mannjal has already enabled nearly ₹1,000 crore in loan disbursements across categories such as business loans, loan-against-property, and affordable housing finance. The company currently partners with more than 75 lenders and is expanding this network rapidly. According to the company, lenders using its platform have been able to reduce their approval time by 50 to 75 percent, which is a significant advantage in a competitive lending market. Mannjal also reports an approval success rate of nearly 85 to 90 percent, which shows that lenders using the platform are able to assess borrower profiles more clearly and reduce uncertainties in credit decisions. This mix of speed, accuracy, and reliability has helped Mannjal build trust in a market that is quickly shifting towards digital-first lending.
What Founders and Investors Believe
Co-founder and CEO Prashant Adurty believes India’s lending ecosystem is entering a high-growth phase, especially in impact-linked credit. He says the company aims to build high-performance, AI-ready credit rails that allow lenders to scale efficiently. Investors share a similar belief. According to Arali Ventures, the next wave of India’s credit growth will be driven by priority-sector and MSME borrowers, and lenders will require strong digital infrastructure to reach them. Mannjal’s model fits these needs, and its early traction shows that financial institutions are willing to adopt better technology to serve more borrowers.
A Future Focused on Inclusion and Innovation
With the new funding, Mannjal plans to enhance its product, strengthen its data systems, and build new tools powered by automation and AI. The company’s long-term aim is to make lending fairer, faster, and more accessible for millions of Indians. As more lenders adopt digital platforms, Mannjal is well-positioned to play a major role in shaping India’s next chapter of financial inclusion and credit innovation.