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Powering The Data Stacks Of Fintechs | Digitap

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Powering The Data Stacks Of Fintechs | Digitap

Akshay Datt
Jan 17, 2023
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Powering The Data Stacks Of Fintechs | Digitap

www.founderthesis.com
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In a gold rush, the most profitable businesses sell shovels to the gold diggers. This episode is about one such startup that is selling shovels in the fintech gold rush India is presently witnessing!

With the world economy coming to a halt during COVID-19, money lending became risky. Many banks and fintech firms were caught off guard because they couldn't identify the profile of their customers. Nageen Kommu understood the need of building a company that would do background and financial checks on its clients before considering whether or not to lend.

Digitap, founded in 2019, is a fintech platform that provides credit underwriting and digital client onboarding solutions to banking, financial services, and insurance companies.

Digitap helps startups in gathering data on customers across many variables, allowing them to make better risk management and customer engagement decisions.

Nageen recounts the experience of his first business, which failed, and finally discovering product market fit in his second venture. He discusses the importance of consumer data and the various ways in which they help their clients with data.

Other Ways to Listen:

Spotify | Apple Podcast | Amazon Music | Google Podcast

Some of the things he shared:-

  • Experience of building first startup

  • NACH mandate

  • Building a credit engine

  • Customer acquisition tactics

Additional readings:-

  1. Digitap to reach consumers worldwide and aim to reach an ARR of USD 20-25 million in the next five years

  2. “Alternate Data Solutions Help Avoid Negative Profiles” Says Nageen Kommu

  3. CXO of the week: Nageen Kommu, CEO, Digitap

  4. How is alternative data influencing the financial sector?

  5. Fintech industry seeing new techniques of assessing credit story

Before you go……the analytics only tell me so much, I want to hear what you feel and think about the conversations.

Mail me at ad@thepodium.in with your comments & feedback or if you just want to hear my comments on your startup idea - I love getting your emails!

Until the next founder's thesis📕,

Your host, AD

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Powering The Data Stacks Of Fintechs | Digitap

www.founderthesis.com
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