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Building The Amazon For Lending | IndiaLends
Credit is like a time-travel machine! Why?
Because credit makes it possible to access future earnings by paying a small fee today. In a developed economy, credit is the lubricant that greases the growth engine of the economy, empowering businesses and consumers to time-travel their income.
In the US, the total credit value is more than 2x the GDP. In India, this is only half of the GDP. This shows the massive opportunity to build credit businesses in India.
Chasing this opportunity is fintech startup, IndiaLends.
IndiaLends brings efficiencies in the lending process by aggregating multiple lenders on one platform so that every customer can find a lender that meets their needs.
The startup has raised more than $30 mn so far to help them in their mission.
Gaurav Chopra is a lending industry veteran, having worked with global lending companies like Capital One.
He talks about the 7 year-long journey of building IndiaLends, surviving the pandemic, and the Saas opportunities they are chasing in the lending space.
Other Ways to Listen:
Some of the things he shared:-
Building a plug-and-play technology for lenders
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Until the next founder's thesis📕,
Your host, AD