Mannjal: Full-stack Lending Platform Revolutionising Financial Institutions

Mannjal, a full-stack lending platform, has successfully secured Rs 17.5 crore ($2.1 million) in a seed funding round. This round was led by Arali Ventures and B Capital, with additional contributions from Sparrow Capital and Gemba Capital. The funding will facilitate the expansion of their lender network and advance product development.

About Mannjal

Founded in 2023 in Bengaluru by Prashant Adurty, Aman Bhargava, and Harshit Lingamneni, Mannjal focuses on helping financial institutions distribute priority-sector and impact-linked credit products effectively. The startup provides the essential infrastructure required for field operations, loan origination, and credit decision-making.

Key Features of Mannjal’s Platform

Mannjal’s platform empowers lenders to execute both digital and physical data journeys, enhancing borrower profiles with insights from external information sources. This infrastructure also allows for the structuring of data to support analysis and informed decision-making. Institutions using Mannjal can set up bespoke workflows tailored for teams across risk management, operations, and business functions.

Impact on Lending Efficiency

According to Mannjal, lenders utilizing their platform have managed to reduce turnaround times by 50–75%, while also improving sanction ratios to an impressive 85–90%. Over the past 18 months, the platform has reportedly enabled disbursements totalling approximately Rs 1,000 crore across various sectors, including unsecured business loans, loan against property, and affordable housing finance.

Collaboration with Lenders

Mannjal now collaborates with more than 75 lenders, showcasing its growing impact within the financial landscape. The platform continues to drive efficiency and innovation in the lending process.