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IPV, Others Invest $1.6 Mn In Fintech Startup WonderLend Hubs

The funds will be utilized for completing its platform as a service transformation, strengthening sales and marketing, and building a delivery excellence framework to be able to grow the business at scale

WonderLend Hubs, a NoCode PaaS solutions provider has raised USD 1.6 million in a Seed Round led by Inflection Point Ventures. Designed and deployed in an affordable “pay as you use” microservices API architecture, its LPaaS caters to enterprises as well as newly born lenders & originators, driving lending innovation via new product/variant-launches, or accelerating existing products, particularly in under-served segments, whilst its ICM PaaS caters to automating channel incentive management for enterprises. The funds will be utilized for completing its platform as a service transformation, strengthening sales & marketing, and building a delivery excellence framework to be able to grow the business at scale.

The founding team comprises Dr. Ram Ramdas – Chief Evangelist, who heads Technology & Engineering, and Rajesh Iyer – Chief Executive Officer who drives Revenue, Business Development, and Key Partnerships.

Ankur Mittal, Co-Founder, IPV says, “We see Wonderlend Hubs as a unique opportunity that is larger than the sum of its parts. Whilst its LPaaS and ICM PaaS solutions are large, exciting independent opportunities, the synergy in their target segments presents huge cross-sell potential that they are well-positioned to tap. Even on a boot-strapped basis, they have already demonstrated market validation of all 3 dimensions through what they have achieved thus far. Their platform and delivery capabilities have already helped them to cater to clients in India and overseas, which clearly indicates their potential to grow at scale. It is commendable that they have already become a preferred provider for the insurance industry. IPV aims to further enhance its growth trajectory and help them penetrate untapped potential markets''.

IPV has been at the forefront of helping early-stage startups by helping them in growing their business. IPV believes in supporting financially and leveraging their vast CXO network to help startups grow their business too. Taking this a step further, IPV has announced the launch of Physis Capital, a $50 million fund that will be used in part to support growth-stage startups from the current IPV portfolio as part of its winner’s strategy.


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IPV FinTech Startup WonderLend

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