Thursday, July 18, 2024

inGain Secures €650,000 for No-Code SaaS Loan Management

Latvian fintech startup inGain has successfully securing a huge sum of €650,000 in funding and it has come from Trind VC, Fiedler Capital, the Latvian Business Angels network and a bunch of business angels.

inGain is a B2B fintech wonder and offers a lending solution that makes life easier for traditional as well as fintech lenders, SME lenders, crowdfunding platforms and even businesses outside the financial world.

Its USP is a no-code SaaS loan management system and with it the company helps businesses to manage loans without being tech geniuses. Whether it is secured or unsecured loans, installment plans, credit lines or fancy fintech products like subscription services or rent-to-own options, it has got it covered.

Just imagine that you are looking to buying your kid a piano and you are not sure if they will stick with it. inGain has a related solution with piano leasing. With this the parents can lease a piano and return it back later if the kiddo loses interest. Parents can also buy it later.

Well, parents cannot go to the bank for a piano loan as banks usually suggest credit cards or loans with sky-high interests.

inGain is gearing up to soon come up with the launch of a self-service platform where any company can tailor-make their own lending tool.

Meanwhile, Reima Linnanvirta from Trind VC thinks that they have hit the jackpot with the product and team of inGain.

In short, inGain is like a breath of fresh air. With their no-code solution, the company is empowering businesses to thrive without getting tangled in tech troubles.

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