Today's top tech news: LoanTap raises US$12M, Khatabook raises US$25M

Indian digital lending startup LoanTap today announced a US$12 million in Series B funding round led by Avaana Capital.

The funding round also saw the participation of existing investors 3one4 Capital, India Quotient, Shunwei Capital and Kae Capital

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LoanTap is a platform that offers customised personal loans such as EMI Free Loan, Rental Deposit Loan, Holiday Loan, and other differentiated offerings to white-collared salaried professionals.

It claimed to be one of the few fintech startups that became profitable within two years of its operations.

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