Overview
- Founder Prashant Pitti led the equity round, with participation from existing backers Blume Ventures and Omnivore.
- Additional debt came from IDFC and Axis Bank, with plans to add PSU banks and large NBFCs as co-lending partners.
- Optimo offers loans against property using over 7.7 million digital land records and AI tools to deliver in-principle approvals within hours and disbursals in under a week.
- In 18 months, the fintech-NBFC built a ₹350 crore loan book, opened 56 branches across five states, and reports profitability sustained for more than 15 months with a team of about 480.
- The push targets India’s unmet mid-ticket LAP market—estimated at ₹22 lakh crore with only 28% served—by enabling small-business owners to unlock secured, lower-cost credit using homes or shops as collateral.