New Delhi, Oct. 28 -- Optimo Capital, India's only digital Loan Against Property (LAP) fintech-NBFC, has raised Rs 150 crore (USD 17.5 million) in its Series-A funding round, led by its founder Prashant Pitti along with existing investors Blume Ventures and Omnivore.

The company aims to use the fresh capital to strengthen its technology and AI infrastructure, build co-lending partnerships, and expand its presence across tier-3 cities in India. Optimo seeks to bridge the USD 530 billion credit gap that currently exists in the Indian financial ecosystem.

Optimo Capital addresses the needs of nearly 4.8 crore small-business owners, nearly 75 per cent of the total, who do not have a formal credit history, making it difficult for them to acc...