Enable financial freedom for Bharat

We are focusing to improve credit availability for users from tier-2 and tier-3 cities. Currently, lower and mid-income segment groups don 't have access to high-quality financial services, because of low ticket size and non-focus group for Banks. We believe by leveraging technology we could build a self-serve system that could deliver a great experience while ensuring we capture sufficient data points for underwriting credits.

Our first credit product is Gold loan.

Currently, 65% of the $130 Bn gold loan market is unorganised (bypass regulations) and managed by pawnbrokers, money lenders, jewellers, etc. In the unorganised market, customers are exploited frequently with high-interest rates (>30%).
We are building technology, which enables jewellers and pawnbrokers to work with multiple Banks and convert the unorganised business into an organised one with no hassle. This will also reduce the interest rates charged to end customers

Vision

Convert India 's 65% unorganized gold loan market into organized

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Integer sagittis, ipsum non vestibulum feugiat, nulla elit finibus urna, ut laoreet neque eros a nisl. Sed id urna justo. In sit amet velit congue, commodo urna at, tincidunt quam. Integer at nibh bibendum, ornare velit vitae, bibendum mauris. Vestibulum ac enim neque. Aliquam malesuada felis sit amet eros scelerisque, ac rutrum velit volutpat. Ut orci justo, accumsan nec vestibulum ut, venenatis et enim.

Founders

Nikhil Jain

An Ex-McKinsey & Company consultant and alumnus of the Indian Institute of Technology Roorkee, Nikhil has worked extensively in digital transformations in Banking and Pharma sector. He led Industry 4.0 based Business excellence projects at ITC Ltd. At McKinsey, he has worked on building & scaling Digital Banking applications and restructuring the lending businesses

Durgesh Suthar

Durgesh graduated from Indian Institute of Technology Roorkee and has over 6 years of experience in building Tech & Products. He has worked with Flipkart and built scalable tech systems. In xto10x he built Saas products and their tech team from scratch. He is passionate about Cyber Security and has won multiple hackathons & CTFs (Hacking challenge) over the years.

Philosophy we inspire by

Anujeet Kudva

  • Ex- Chief Risk Officer
  • IIFL Finance Limited
  • Managed 70,000 Cr Gold Loan
    portfolio   at IIFL
  • 17+ Years experience in Audit, Risk and Policy

Anujeet Kudva

  • Co-Founder and CTO
  • Avail Finance Ltd.

Our Investor