RBF works well mainly for SaaS (Software as a Service) companies which work on a subscription basis and require the client to pay monthly, quarterly or annually.
It opened its 102nd Branch in Hyderabad last week to offer finance options to the credit starved micro enterprises in the city.
LoanTap has cumulatively raised over $20 million in Debt and Equity. It plans to leverage an additional $30 million in debt this year.
“I have a high tolerance for risk - I started Hummingbill twice - first in Kenya, second in India - and both times with no money and no income” – founder of Hummingbill on his LinkedIn profile.