Digital public infrastructure for assets | Finsire

Shreyans Nahar quit a well-paying job in finance to pursue an MBA from an American Ivy League school. And then he had a most illuminating experience when he tried to apply for an education loan. 

Despite being cash-rich and having enough savings to not need a loan, he was denied the loan. The reason was that the bank would only give a loan if he could produce proof of owning an asset like a house. 

This is a glaring inefficiency - the bank lost the opportunity to give a loan to a profitable and low-risk customer simply because it could not factor in all the different forms of assets that an individual can own - like stocks, mutual funds, cryptocurrency, insurance policies, NFTs and many more. 

This put Shreyans on a mission to solve this problem and ultimately led to the birth of Finsire.

Finsire is building the pipes that will allow data about all the assets you own to flow to you or other parties you consent to share it with.

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Additional readings:-

1.Borrowers must be proactive in managing their loan repayments, says Shreyans Nahar of Finsire

2.Fintech startup Finsire raises $1.3 million in seed funding

3.How would a blockchain network help the lenders and borrowers

4.Future of secured credit cards in India and beyond

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Your host, AD