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Happy Loans

Founded Year



Seed | Alive

Total Raised


Last Raised

$990K | 3 yrs ago

About Happy Loans

Happy Loans is a digital lending platform offering business loans to microenterprises and individuals.

Headquarters Location

26th Floor, A-Wing, Mafatlal Mills Compound N.M. Joshi Marg, Lower Parel

Mumbai, 400 013,



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Happy Loans's Products & Differentiators

    180 day loans

    HAPPY’s 180-day loans product builds one of the first scalable lending ecosystems to cater to new-to-credit microenterprises. The product has a paper-less, human-less, and application-less digital lending model that makes small-ticket short-term loans to small and micro enterprises. The innovation is built in its product technology, process integration and credit engine. The proprietary system is built on machine learning algorithms to make risk decisions based on real-time data without the need of collaterals, bureau, bank statements. The alternate data led credit engine is capable of multi-sector underwriting through different types of business data and other social & behavioural factors. To achieve scale, we’ve integrated our lending APIs with 30 of the largest payment and other networks in India.

Expert Collections containing Happy Loans

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Happy Loans is included in 2 Expert Collections, including Digital Lending.


Digital Lending

1,987 items

This collection contains companies that provide alternative means for obtaining a loan for personal or business use and companies that provide software to lenders for the application, underwriting, funding or loan collection process.



3,897 items

Latest Happy Loans News

Happy Loans Raises $20 Mn To Strengthen Its Micro Enterprise Loan Offering

Apr 30, 2019

Happy Loans has built a loan book of INR 25 Cr and has 35K customers in India The startup offers working capital loans to micro enterprises Mumbai-based digital lending startup Happy Loans has raised $20 Mn in an equity and debt funding round. The $3 Mn equity was invested by India and US-based strategic investors, while $17 Mn debt financing came from DMI Finance. The funds will be used to improve customer experience, Happy Loans claims. It will also invest in strengthening the back-end capabilities to improve its evaluation of customers and determine their creditworthiness. Founded in 2016 by Manish Khera and Shweta Aprameya, Happy Loans offers working capital loans to micro enterprises. It caters to merchants who have less than five employees and extend short-term loans between INR 1 lakh to INR 10 lakh. The company charges an interest rate of 2% per month. Khera shared that the company has built a loan book of INR 25 Cr and disbursed overall INR 140 Cr to more than 35K customers across India. It offers 30-90 days loans and also introduced a new category of weekend loans. At present, the startup claims to have less than 5% non-performing asset level, according to a report in ET . Digital Lending In India Inc42 in its Annual Tech Startup Funding report 2018 noted that fintech startups raised $1.4 Bn across 121 deals in the year with top-five funding grossers being PolicyBazaar, Pine Labs, LendingKart, PhonePe and ClearTax. Further, Inc42 DataLabs noted that lending tech is gaining ground and became the third most significant sector in terms of funding. Here are a few recent fundings in the sector: April 2019: Mumbai-based digital lending startup InCred closed its Series A round at $85.89 Mn (INR 600 Cr). The funding round was led by Dutch development finance institution FMO with participation from US-based asset manager Moore Capital, India/Latin America-focused PE fund Elevar, and Alpha Capital. April 2019: Bengaluru-based digital lending startup ZestMoney raised $20 Mn in a fresh funding round led by Washington DC-headquartered fintech investor Quona Capital April 2019: Bengaluru-based full-stack consumer lending company Credy raised an undisclosed amount in a Pre-Series A round of funding. January 2019: Pune-based online lending startup LoanTap raised $8 Mn (INR 57.9 Cr) from a combination of debt and equity for its fifth funding round which was led by early stage venture capital fund 3one4 Capital. January 2019: Fintech lending company Aye Finance raised $10 Mn ( INR 71.32 Cr) in a debt funding round from global impact investment manager, responsAbility and Northern Arc, through the issuance of non-convertible debentures As of now, Happy Loans is looking to open credit facility to a market of 600 Mn people in India.

Happy Loans Frequently Asked Questions (FAQ)

  • When was Happy Loans founded?

    Happy Loans was founded in 2016.

  • Where is Happy Loans's headquarters?

    Happy Loans's headquarters is located at 26th Floor, A-Wing, Mafatlal Mills Compound, Mumbai.

  • What is Happy Loans's latest funding round?

    Happy Loans's latest funding round is Seed.

  • How much did Happy Loans raise?

    Happy Loans raised a total of $20.99M.

  • Who are the investors of Happy Loans?

    Investors of Happy Loans include DCR Workforce and DMI Finance.

  • Who are Happy Loans's competitors?

    Competitors of Happy Loans include Indifi Technologies and 1 more.

  • What products does Happy Loans offer?

    Happy Loans's products include 180 day loans.

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