Fintech startup Ambak raises $7 million to expand home loan services to 35 cities.

Fintech startup Ambak, which simplifies home loans, raised $7 million in funding led by Peak XV Partners. The investment will help Ambak expand to 35 cities, aiming to serve over 100,000 customers and process more than $1 billion in loans by 2026. Founded in 2024, Ambak uses data analytics and AI to assist customers and partners, including over 50 lenders and 3,000 intermediaries.

2 months ago
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