Ambak, a growing fintech marketplace for home loans in India, has raised $7 million in a funding round led by Peak XV Partners’ Surge. The investment will help Ambak enhance its technology, strengthen its market presence, and make home financing more accessible to a wider range of borrowers. With this funding, Ambak aims to simplify the often complicated and time-consuming process of securing a home loan by offering seamless digital solutions.
Read also – Footwear startup CHK Secures $2.5 Mn in Funding
With this capital infusion, Ambak plans to expand its AI-driven home loan matching system, making it more efficient in assessing borrower profiles and connecting them with the best loan options.
Read also – FLS Mining Partners with LTIMindtree for Strategic Transformation of Application Maintenance Services
The company will also focus on improving the overall customer experience by reducing approval times and increasing transparency in the loan application process. Additionally, Ambak intends to extend its services to a larger audience, including first-time homebuyers, self-employed individuals, and those with non-traditional credit histories. By widening its reach, the company aims to make homeownership more accessible across various segments of society.
Securing a home loan in India has traditionally been a cumbersome process involving extensive paperwork, lengthy processing times, and a lack of clear information about interest rates and eligibility criteria. Ambak is addressing these challenges by leveraging advanced technology to offer a hassle-free, digital-first experience. Borrowers can compare multiple loan offers from different financial institutions, receive personalized recommendations based on their financial profile, and complete their loan applications online—all from the convenience of their mobile devices or computers. This streamlined approach not only saves time but also ensures that borrowers get the best possible home loan options suited to their needs.
The funding round was led by Peak XV Partners, one of the most prominent venture capital firms known for backing innovative and fast-growing technology companies. With their extensive experience in scaling fintech businesses, Peak XV Partners will provide Ambak with strategic support and industry insights to refine its operations and accelerate growth. This partnership will also enable Ambak to strengthen its AI capabilities, build a more robust lender network, and further enhance its platform’s user experience.
About Ambak
Ambak is revolutionizing the home loan process by empowering agents with access to loan options from over 50 financial institutions on a single platform. Agents can track earnings, receive precise payouts, and secure faster loan approvals for their customers, helping them increase income and build stronger client relationships.
In addition to agents, Ambak partners with real estate developers, providing faster loan approvals through our extensive lender network, which boosts sales and improves customer experience.
Ambak continues to reshape the home loan landscape, enhancing the experience for agents, developers, and homebuyers alike.
