Lark Finserv provides a digital infrastructure platform for Loan Against Securities (LAS) in India, enabling instant, paperless access to credit using mutual funds and listed shares as collateral. Their B2B2C platform partners with distributors, wealth managers, and fintechs to embed LAS offerings, providing tech-powered origination, underwriting, and servicing capabilities through APIs and partner portals. This allows investors to access liquidity without selling their holdings.
Funding
Funding not disclosed
Founders
Product
Problem
Many individuals and businesses in India lack access to quick and easy credit options when they need funds without selling their existing investments. Traditional loan processes are often cumbersome, time-consuming, and require extensive paperwork, making it difficult for investors to leverage their financial assets for immediate liquidity.
Solution
Lark Finserv offers a digital platform that enables users to access loans against their existing mutual funds and listed shares in a fast, paperless manner. The platform partners with distributors, wealth managers, and fintech companies to embed Loan Against Securities (LAS) offerings, providing tech-driven origination, underwriting, and servicing capabilities through APIs and partner portals. This allows investors to retain ownership of their assets while accessing the funds they need, with loan disbursal times as fast as 10 minutes.
Target Audience
Lark Finserv primarily targets individual investors and businesses in India who hold mutual funds and listed shares and require quick access to credit without liquidating their investment portfolio. The platform also serves distributors, wealth managers, and fintech companies looking to offer LAS products to their clients.
Features
- Digital KYC and eligibility checks with no impact on CIBIL score
- Automated portfolio assessment across CAMS, KFIN, CDSL, and NSDL data sources
- AI-powered chatbot (LISA) for instant customer support and query resolution
- Overdraft facility for flexible access to funds
- Loan options for individuals and non-individual entities (LLPs, Private Limited, Public Limited companies, Trusts, and Partnerships)
- Partner-branded sites and APIs for seamless integration with existing platforms
- Mobile application (LARKx) for on-the-go access and management
- Interest calculator for transparent cost assessment