Fintech start-up 2MJK Financial Services Private Limited intends to launch Photonfin ( an end-to-end digital platform for instantly availing loans against financial products including mutual funds and shares for retail investors.Photonfin is a unique comprehensive digital platform in the country to allow customers to avail the best loan that meets their financial need by pledging their investments held in the form of shares and mutual funds. Photonfinwill offer Loan Against Mutual Funds (LAMF) and Loan against Shares (LAS) products on its platform. It is a robust platform that has seamlesslyintegrates Banks, Non-Banking Financial Companies (NBFC),Asset Management Companies, Registrar and Transfer Agents (RTAs), Custodians, Advisors and Investors, to simplify and digitize the entire mutual fund or Share loan process for retail investors. With its comprehensive LAMF / LAS solution, shares and mutual fund investors can now digitally avail finance on their shares and mutual fund investments in less than 5 minutes and raise funds without redeeming or selling their investments – shares and mutual funds. With its end-to-end digital processing, Photonfin facilitate
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Source: Ministry of Corporate Affairs company master (open data). Capital figures are as-of the 2021 registry snapshot, not live.