LendingSutra

Targeting 48 Million businesses in India untapped by banking community. UBER like disruption in retail lending by delivering collateral free loans in 48 hours.

  • Stage Product In Development
  • Industry Financial Services
  • Location New Delhi, Delhi, India
  • Currency USD
  • Founded August 2016
  • Employees 9
  • Incorporation Type Other
  • Website lendingsutra.com

Company Summary

We are endeavoring to launch an online retail lending platform in India with balance sheet footings of 1 Billion Dollars over the next 5 years. We intend launching with a $30MM retail lending portfolio over the next 3 months to tap the insatiable demand for consumer credit. Potential for this digital lending product is expected to touch a $1.2 trillion mark in the near term. 73% of the 48 Million SMEs are unable to access credit.

Team

  • Founder, Chairman, Mentor

    Founder is Professor at Harvard University and teaches a variety of finance courses including Venture Capital, Private Equity, Investment Banking & Project Finance. Viney has over 35 years of banking experience of which (11 years at citibank) and has successfully led 3 start ups thus far. He has assembled the finest team to launch this project and India has been chosen as the focus country with 7.5% GDP growth rate.

  • Chief Operations Officer

    Lending Sutra's India Operations will be overseen by Vineet Jain, an ex Citibank, India Vice President, Consumer Lending (14 years). Vineet, is the designated Chief Operating Officer of the firm and will manage the entire operations from its offices in New Delhi at S 14, Greater Kailash, Part 2, New Delhi.

  • Chief Risk Manager

    25 years with Citi, India with a strong focus on consumer lending will oversee Credit Control, Underwriting and portfolio quality.

  • Director Operations

    Currently an Senior Vice President at a leading NBFC, in Mumbai, will be responsible for Information Technology and General Operations

  • Chief Technology Officer

    3 years at Microsoft. He has built the architecture of the lending platform that will power the website, mobile app and algorithm. He will be responsible for continual up gradation, maintenance and execution of the tech piece overtime.

  • Product Manager

    The designated Product Manager, a Harvard alum, will oversee new product development and launch.

  • Finance Officer

    Oversee the quantitative analysis to support capital adequacy and fundraising in overseas market

  • Treasury and Relationship Manager (Western Region, india)

    Responsible for treasury functions and branch management. He is currently participating in a fundraise for three large infrastructure projects in India aggregating $700 Million and associated with the launch of India’s first infrastructure investment trust targeting to raise $1 Billion

Advisors

  • Boston National Capital Partners Inc
    Unconfirmed

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