Acies Ventures, the investment arm of Acies, has announced a strategic investment in Neoble, a technology-driven platform specializing in loan-against-securities products.
Founded in 2023 by Jayaprakash Sinha, Neoble’s platform enables customers to seamlessly pledge their financial securities such as mutual funds and equities, to obtain loans efficiently. By digitizing the entire loan process, including KYC verification, agreement execution, and disbursement, Neoble ensures borrowers can access funds within hours, significantly reducing traditional processing times.
Muzammil Patel, CEO of Acies, said, “Our investment in Neoble aligns with our vision to revolutionize financial services through technology-driven solutions. Neoble’s innovative platform provides quick and efficient access to credit and brings awareness to retail investors on the benefits of leveraging their financial assets. We believe this partnership will significantly contribute to financial inclusion and market transparency.”
Abhinava Bajpai, Head of Acies TechWorks, said, “Neoble’s platform exemplifies the fusion of cutting-edge technology with financial services. By digitizing the loan-against-securities process, they have created a user-friendly experience that caters to the evolving needs of today’s retail investors. We are excited to support Neoble in scaling their operations and reaching a broader marketplace.”
JP Sinha, Founder and CEO of Neoble said, “Neoble’s platform is redefining how retail investors can access alternative financing options instead of the traditional consumer loans. By digitizing the loan-against-securities process, we are bringing much-needed awareness, accessibility, speed and ease-of-use to retail investors. We are excited to have Acies Ventures as a strategic investor and share our vision to enhance financial inclusion in India.”
