Yenmo
yenmo.inYenmo provides Indian investors instant loans against mutual funds and stocks without requiring them to sell investments.
About
Yenmo is a Bengaluru-based fintech platform providing secured consumer loans against mutual funds and stocks. It serves Indian investors who want liquidity without selling their investments, differentiating through instant access, competitive interest rates, no hidden charges, and interest charged only on the amount withdrawn.
Market
Yenmo competes in India’s alternative and secured consumer-lending market, specifically digital loans and credit lines backed by mutual funds and stocks. It positions itself as a lower-cost, digitally originated alternative to personal loans costing more than 18% or to liquidating investments, using digital pledging, flexible borrowing and interest charged on drawn amounts. Its differentiation appears to be the combination of a consumer mobile workflow, support for broker-held investments and a mutual-fund-distributor partnership motion.
Yenmo primarily targets Indian individual investors who hold mutual funds or stocks and need liquidity without selling their investments; the company specifically addresses investors who might otherwise use expensive personal loans. A secondary customer segment is mutual-fund distributors, for whom Yenmo offers a partnership program intended to help preserve trail commissions.
At a Glance
Problem
Yenmo addresses a liquidity problem for Indian investors who need cash but face an unattractive choice: sell stocks or mutual funds, potentially giving up future compounding and triggering capital-gains taxes, or take an unsecured personal loan typically priced above 18%. The opportunity is sizeable: Y Combinator describes roughly 60–65 million Indian investors, and says more than 30% of personal-loan borrowers have active investments. The killer use case is a short-term emergency or major expense where the borrower wants cash immediately without dismantling investments earmarked for goals such as education or retirement.
Product / Service
Yenmo is a digital secured-lending platform that lets investors pledge eligible mutual funds and stocks as collateral rather than redeeming them. The platform fetches the investor’s portfolio digitally, helps them select eligible assets, completes KYC and lien-marking, and transfers the approved funds to their bank account. Yenmo’s materials describe an application journey of under five to ten minutes, with loan sizes advertised from ₹25,000 to ₹5 crore; the applicable loan-to-value varies by asset, reaching roughly 50% for equity mutual funds and up to 90% for debt or liquid funds.
The value proposition is cheaper, more flexible borrowing while the portfolio remains invested. Yenmo’s current website advertises rates starting at 9.89%, while its earlier Y Combinator description cited a flat 10.5% rate. Borrowers pay interest only on the amount used, rather than the full approved limit, and the company advertises no EMIs, foreclosure charges, prepayment penalties, or hidden fees, subject to lender terms and eligibility.
Market
Yenmo competes in India’s secured consumer-lending and loan-against-securities market, initially centered on loans against mutual funds and stocks. Its direct competitors include established lenders such as Bajaj Finance, which offers a similar digital loan-against-mutual-funds product with pre-assigned limits, interest charged only on the amount withdrawn, and loan-to-value ratios that vary by asset type. Yenmo’s positioning is a faster, more consumer-friendly digital experience aimed at making a relatively unfamiliar borrowing option accessible; it has also indicated plans to broaden the collateral base into areas such as digital assets, stocks, and insurance.
The company is an active YC Winter 2024 fintech startup and raised ₹9.2 crore in March 2025 from Y Combinator, Pioneer Fund, Zaka VC, and angel investors. Its product is live on mobile, with the iOS listing showing a 4.3/5 rating from 42 ratings, while Yenmo’s website reports a 4.2-plus rating from 332 people. Public materials do not disclose a customer count, loan book, or disbursement volume; a third-party profile reports approximately $118,000 in revenue, but this is not an official financial disclosure, so Yenmo is best characterized as an early-stage, funded company with initial commercial traction rather than definitively pre-revenue.
Founders & Leadership
Funding History
Y Combinator
Y Combinator
Recent News
Yenmo’s updated Google Play listing identifies Bajaj Finserv Ltd. as its NBFC partner. The listing also describes loans against stocks and mutual funds, with borrowing of up to 75% of investment value and repayment periods of up to 36 months.
A Google Play user review dated May 12, 2026, says Yenmo had added fingerprint security to the app. Yenmo co-founder Aryan Agarwal responded to the review, indicating the company was actively engaging with users about app improvements.
Yenmo published an article comparing loan-against-mutual-fund interest rates and promoting fast online approval. The post says funds can reach the borrower’s account within 24 hours and highlights a 10.49% borrowing rate.
Yenmo’s article compares borrowing costs from banks, NBFCs, and Yenmo, highlighting instant liquidity at a stated rate of 10.5%.
Yenmo published a guide explaining how investors can borrow against mutual-fund holdings through a bank or NBFC without selling the investments. The article presents Yenmo in the context of this secured-lending model.
Active Roles
0No active roles right now.
Get notified when they postBusiness Model
Yenmo provides loans or overdraft facilities secured by customers’ mutual funds and stocks, earning interest on the amount borrowers draw. Its public pricing emphasizes competitive interest rates and no part-payment or foreclosure charges.