_pages-to-jpg-0001.jpg)
Optimo Capital, India’s only digital-first Loan Against Property (LAP) fintech-NBFC, has raised Rs 150 crore ($17.5 million) in its Series-A round led by founder Prashant Pitti, with participation from Blume Ventures and Omnivore. The Bengaluru-based firm aims to redefine secured lending for MSMEs by unlocking the value of underutilized property assets.
With 4.8 crore small-business owners lacking formal credit histories, Optimo offers a tech-enabled alternative—allowing entrepreneurs to leverage owned homes or shops as collateral for higher loan amounts at lower interest rates. Using AI and access to 77 lakh digital land records, the platform delivers in-principle approvals within hours and disburses loans in under a week, compared to the traditional 4–6 week timeline.
In just 18 months, Optimo has built a Rs350 crore loan book, expanded to 56 cities across five states, and grown its team to 480. The company turned profitable within three months of launch and has sustained profitability for over 15 months—an uncommon feat in the fintech lending space.
“India’s Mortgage-to-GDP ratio is just 9%, compared to over 50% in developed economies,” said Prashant Pitti, Founder & MD. “We’re unlocking the nation’s biggest asset—its land and property—to fuel economic growth.”
Ashish Fafadia of Blume Ventures praised Optimo’s disciplined execution, while Reihem Roy of Omnivore highlighted the Rs22 lakh crore mid-ticket LAP market, of which only 28% is currently served. Optimo’s tech-first model is positioned to bridge that gap.
With this funding, Optimo plans to deepen its presence in Tier 2 and Tier 3 cities, enhance its AI capabilities, and scale its mission to democratize access to affordable, property-backed credit.
