India's First Instant Loan Platform Raising Funds Expansion

Listing ID: SL006958
Posted By: Owner
Last Active: 1+ year ago
Verified User Information
emailEmail
phonePhone
googleGoogle
linkedinLinkedIn
facebookFacebook

About Business

Digital Personal Loans

Clientele type

We serve blue collar and white collar salaried people PAN India.

Premises

The whole of process of Customer Acquisition & Marketing is done online digital marketing and some offline campaigns.

Asking Price Includes

Interest rate of 14-16%

Reason

We require debt for scaling up, marketing, and working capita

More Details

This Fintech company is operational since March 2019.
There are 3 directors in total 2 of them are IITians and One of the directors has a family-owned NBFC.
There are 200+ loan providing platforms but none of them are able to provide funds as fast as they can.
With the help of tools like AI and ML, they are able to serve blue collar salaried people. They are re-imagining credit in India for the underserved. With the help of artificial intelligence and machine learning, they are able to verify a customers eligibility in seconds and disburse him the loan amount through IMPS in minutes. No platform currently provides 24*7 loans except this.
They have achieved break-even and made profits of INR 20 lakhs.
There is a total of 2.20 lakhs registered users.
Active users are 95,000.
They have achieved break-even and made profits of INR 20 lakhs.
Directors are looking to raise funds via debt of INR 5 cr with an interest rate of 12-14%.

Business Tags

alternative lending Finance fintech lending

₹10 to ₹200 Cr

Complete Investment Banking Solution in 120 Days

Seamless Fundraising/M&A transactions

Start your growth journey with our 25+ Years of Experienced Professional Team.

Contact IBGrid Team

You may also like

Ask Us Anything

To connect with the owner of this India's First Instant Loan Platform Is Looking for Debt for Expansion Purpose:
  • Register on IndiaBizForSale platform
  • Click on the “Contact Business” button on the business detailed page
  • Connect with the business owner directly
Note: Once you create your profile, you will get ONE introduction credit, allowing you to contact any ONE featured business.
Before buying a India's First Instant Loan Platform Is Looking for Debt for Expansion Purpose, check:
  • Growth prospects of the industry and business
  • Sales, profitability, and cash flow of the business should be considered
  • Consideration you have to pay; form of consideration (either cash or shares or some combination of both) to be paid?
  • Source of financing the purchase
  • Amount of additional investment that will be required to grow business
  • Does the business have a second-line of management?
  • Are you going to run the business on a day-to-day basis or appoint some professional for the same?
  • What decisions are to be taken to improve the profitability of the business?
  • Time period of payback or return is envisaged from the business?
  • Any long-term strategic benefit or synergy with your existing business?
  • Will the clients continue with the business after the acquisition?

The business opportunity is posted either by the business owner or advisor. After that, our team checks the information for completeness, language, and accuracy. Once the basic checks are met; only then the opportunity is published.

We also get users' feedback for the opportunities they contact and based on their feedback, the opportunity may be put on HOLD till further clarification. Many opportunities are not published when it does not pass through our internal procedure checks.

We sincerely request you to carry out complete due diligence before taking the transaction ahead. In addition, the contact details of the business are verified via phone/email.

IndiaBiz offers:
  • Direct connection with owners
  • Advisory services like valuation, end to end deal management
  • Business preparation like preparing Information Memorandum, Pitch deck, etc.
If you have any queries or need help, our team is here for you. You can email us at [email protected].
Yes. Once connected, you can negotiate:
  • Deal structure (cash, equity, mix)
  • Transition timeline
  • Support during handover
  • Final consideration based on due diligence

As a seller, you are not allowed to contact another seller.

You cannot contact the seller as the Business Listing is On Hold

Error Occured

You cannot contact the seller as the Business is not available Anymore.

You cannot contact the seller as the Business is Sold.

Your mobile number is verified.
Your message will be sent after you have listed
your Buying requirements (takes 2-3 minutes).
Press Next.

Your message will be sent only after you have
verified your email-id. Please check your email.
Press Next.