About
Founded by
Talking to Business Insider, he said, “We are an omni channel company present both online and offline, and have a unique proposition of carrying out transactions end to end including customer acquisition, product fitment, documentation, operation management, bank negotiation and final disbursement instead of just being a lead generation platform which uses other’s supply chain for transaction fulfilment. This end to end model helps us in controlling the customer experience, and delivering superior value for both the consumer and the financial institution involved. In addition this end to end model, gives us superior economics as a company and an ability to negotiate better offers for our customers.”
Monetization Model
Parth stated that the company is monetising through three different models:
1. For every loan that they originate, their lenders pay them a fee for the same. The services are completely free for the consumers.
2. They create specific product programs for lenders, and share revenues on the same as well with them.
3. Also, they use database of over 100,000+ customers to create new products and cross sell opportunities on them to create life time value for the consumer and Finance Buddha
Traction
Parth stated that the company is targeting loans worth over 2000 cr which would make them one of the biggest
Funding details & Expansion Plans
The company had last raised seed round of financing in January from
The company is in the expansion mode. Parth said that they’re in a process of creating an alternative lending solution that can help people (who are unable to get credit from mainstream lenders) get credit. He quoted, “we are working to creating more efficient technology processes along with our lenders for the consumers to get a seamless experience.”