Microfinance Startup Investment Opportunity in Bangalore, India
A Y-combinator backed student platform for microlending and UPI based credits, seeking funds to launch.
This transaction has concluded.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Microfinance + 1 more |
| Locations | Bengaluru |
| Local Time | 9:01 AM Asia / Kolkata |
| Listed By | Advisor / Business Broker |
| Status | Active |
Partial Stake Sale
USD
167 thousand
for
13.0%
stake
(Native Currency: INR 15,000,000)
Reason: Funds will be utilized as follows-
- Hiring - 63%
- Marketing 14%
- Infra 10%
- Others 13%
- Hiring - 63%
- Marketing 14%
- Infra 10%
- Others 13%
Includes physical assets worth
USD
5.6 thousand
Documents
Business Overview
- Business is a UPI based money lending system focused on college students.
- Business lend money on pre-approved short term credit.
- The student population is huge so the business plan to tap the market to meet credit needs for users at a young age.
- The platform also provides proper analytics of the spending behaviour of the user using algorithms.
- The Android and iOS apps for the same is under construction.
- The business is currently not operational but launching soon.
- Have partnerships with Hyperverge, ICICI, AWS, Cashfree and Paytm.
- The business is licensed by NBFC.
- Other details can be found in the pitch deck.
- Business lend money on pre-approved short term credit.
- The student population is huge so the business plan to tap the market to meet credit needs for users at a young age.
- The platform also provides proper analytics of the spending behaviour of the user using algorithms.
- The Android and iOS apps for the same is under construction.
- The business is currently not operational but launching soon.
- Have partnerships with Hyperverge, ICICI, AWS, Cashfree and Paytm.
- The business is licensed by NBFC.
- Other details can be found in the pitch deck.
Products & Services Overview
- UPI-based credit line.- Analytics and category-wise summary of transactions.
- Loyalty and reward-based programs.
- Underwriting models.
Assets Overview
As the business is majorly online, we have assets like laptops, computers, printers, mobiles and app.
Facilities Overview
Recently taken premise on lease in Bangalore.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysPromoter, Real Estate, Pune, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysExecutive Director, New Delhi, Financial Consultant connected with the Business
-
Earlier than 15 daysManager, Financials, Mumbai, Corporate Investor / Buyer connected with the Business
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