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Optimo Loan, a lending startup focused on providing financial assistance to small businesses, has recently announced that it has raised $10 million in its first equity fundraiser. The funding round was led by venture capital firms Blume and Omnivore, with additional investment coming from the company’s founder, Prashant Pitti.

Optimo Loan was founded to help small businesses access the capital they need to grow and thrive. The company offers a variety of lending products tailored to the specific needs of small businesses, including working capital loans, equipment financing, and merchant cash advances.

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The $10 million raised in this funding round will allow Optimo Loan to expand its reach and provide even more small businesses with the financial support they need to succeed. The company plans to use the funding to scale its operations, develop new products, and reach more small businesses across the country.

Founder Prashant Pitti, also the co-founder of the publicly listed travel platform EaseMyTrip, is excited about Optimo Loan’s future and its impact on small businesses. He believes that access to capital is a key factor in the success of small businesses, and he is committed to helping entrepreneurs achieve their goals through affordable and flexible financing options.

The participation of Blume and Omnivore in this funding round is a strong vote of confidence in Optimo Loan’s business model and growth potential. Both firms have a track record of backing successful startups in the fintech and lending space, and their support will be invaluable as Optimo Loan continues to expand and reach more small businesses in need of financial assistance.

Overall, the $10 million raised by Optimo Loan in its first equity fundraise is a significant milestone for the company and a testament to the growing demand for innovative lending solutions for small businesses. With the support of its investors and founder Prashant Pitti, Optimo Loan is well-positioned to positively impact the small business community and help entrepreneurs thrive in today’s competitive market.

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