Cashkumar

lendinlendingp2p lending

FOUNDING YEAR: 2012
LOCATION:
Last Update: 04/07/2020

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About

Cashkumar is an online financial marketplace in India that started with Foreign Exchange, Outward Remittance, Business Loans and Travel Insurance. With an aggregation platform backed by a reverse bidding process, travellers can buy or sell their foreign currency and travel insurance at the best possible rates in Bangalore, Mumbai and Pune.

Focus

PRODUCTS & SERVICES

Provide consumer loans such as Personal loans, Marriage loans, Renovation loans, Business loans, Travel loans, Medical loans, Debt Consolidation loans, P2P loans including forex, insurance. Company was conceptualized to address the pain point of international travelers to get the best exchange rate.

REVENUE MODEL

It follows commission based revenue model.

EXISTING PARTNERSHIPS

Banks - HDFC

ICICI

Citi Bank

Kotak. NBFC's - Bajaj Finserv

Tata Captial

Capital First

Fullerton India.

COMMENT

Company has designed a simple interface and has built the platform using open source Linux. The traders' backend looks like an inbox which makes it very easy for users to perform any transaction.

People

FOUNDERS

Yogesh Joshi

Kannan Kandappan

Dhiren Makhija

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Kyron Global Accelerator

Mohan Kumar

Mohan Kumar

OperatorVC

Start-Up Chile

Vishal Sampat

Vishal Sampat

Momentum

FUNDED

YES

TOTAL FUNDING

$50 M

DATE OF LAST FUNDING

May 2018

TOTAL FUNDING COMMENT

The company is planning to use the fund to meet its regulatory norms, marketing and expanding operations from six to 20 cities(May 2018).

SEED & PRIOR FUNDING

$50 M

LISTED

NO

BASICS

FOUNDING YEAR:

2012

LOCATION:

Views:

54 VISITORS | 66 VIEWS
LATEST FUNDING ROUND

$50 M

TOTAL EMPLOYEES
11-50

About

Cashkumar is an online financial marketplace in India that started with Foreign Exchange, Outward Remittance, Business Loans and Travel Insurance. With an aggregation platform backed by a reverse bidding process, travellers can buy or sell their foreign currency and travel insurance at the best possible rates in Bangalore, Mumbai and Pune.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

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People+
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