Lending-tech startup Easy raises $35m led by Claypond, Japan’s Sumitomo

Mumbai-based Easy, a mortgage-tech startup, has raised $35 million in its Series B funding round led by Claypond Capital and Sumitomo Mitsui Banking Corporation’s Asia Rising Fund, it announced on Wednesday.

Claypond Capital is the investment office of Dr Ranjan Pai, Chairman, Manipal Education & Medical Group.

Existing investors, including Xponentia Capital, Finsight Ventures, Harbourfront Capital, and Pegasus India Evolving Opportunities Fund, also participated in the round, the startup said in a statement.

The company’s Series A round was led by domestic private equity fund Xponentia Capital Partners. To date, the company has raised over $100 million in equity and debt financing, the statement added.

Easy is a digital-first mortgage company that provides accessible home loans to India’s middle-income consumers. With the fresh capital, the company aims to expand its assets under management to $300 million within the next 24 months and plans to grow its network to over 150 locations across India. It claims to have support from a consortium of more than 20 banks and financial institutions.

“This funding will propel our efforts to make home financing truly digital, efficient, and accessible. By leveraging advanced data insights, our in-house technology suite not only simplifies the loan process but also accelerates the journey from loan origination to homeownership,” said Rohit Chokhani, MD, Easy Home Finance Limited.

The Rainmaker Group acted as the sole advisor to Easy in this funding round.

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