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New Delhi, March 29 (). Digital lending platform LoanTap on Wednesday said it has acquired healthcare-focused fintech startup Unofin.
With this acquisition, LoanTap aims to leverage Unofin’s expertise in healthcare financing to expand its reach in the rapidly growing healthcare sector in the country.
Unofin has till date served over 12,000 customers with gross loan disbursement of Rs.120 crores.
It has partnered with 1,600 healthcare providers across seven cities, making it a major player in the healthcare financing industry.
This acquisition is a strategic move to expand our product offering and tap the immense potential of the healthcare sector, said Satyam Kumar, CEO and Co-Founder, LonTap. We believe that healthcare financing is a segment with tremendous growth potential.
This acquisition will enable LoanTap to leverage Unofin’s strong relationships with leading hospitals, clinics and medical device suppliers to provide these entities with customized financing solutions.
With LoanTap’s digital capabilities, we will be able to reach out to a larger customer base and provide them seamless access to credit,” said Tushar Agarwal, Co-Founder and CEO, Unofin.
India’s healthcare market is estimated at $130-140 billion, of which the in-patient market is over $64 billion.
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