GyanDhan
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!
About
GyanDhan is a student lending platform creating a unique approach and a new way of evaluating Students’ credit based on their potential. GyanDhan evaluates credit-worthiness for talented students by using academic records, IQ scores, target institutions, and other factors in conjunction with traditional determinants of credit quality.
GyanDhan is a student lending platform creating a unique approach and a new way of evaluating Students’ credit based on their potential. GyanDhan evaluates credit-worthiness for talented students by using academic records, IQ scores, target institutions, and other factors in conjunction with traditional determinants of credit quality.
Focus
PRODUCTS & SERVICES
Educating financing marketplace providing financial solutions for education. Solves the problem of education inequality by providing financing options to students who experience trouble getting the students loans.
REVENUE MODEL
We get paid a fixed % of the total loan disbursement by the partner banks as of now. In the future, we will be adding a % of loan book to the revenue stream once we start offering on-going monitoring
EXISTING PARTNERSHIPS
Has partnered with various financial institutions and educational institutions.
PRIMARY PROBLEM SOLVED
Employability model that helps evaluate the ability of a student to repay the loan after he/she will have completed his/her education. This is critical in addressing banks' concerns around building a profitable education loan book.
INTELLECTUAL PROPERTY
Patent(s) NOT_FILED
COMMENT
The company let the students from leading institutions apply for an education loan or for studying abroad without requiring any mortgages as security.
Traction
REVENUE
$0 - $99k
REVENUE COMMENT:
This is our revenue to date in calendar 2017 for the loans we had booked in 2016. our total revenue for the $4.5m loans booked is $32k
NUMBER OF TRANSACTIONS:
130.00
TRANSACTIONS VALUE:
4.5 M
TRANSACTIONS COMMENT:
Transactions volume refers to the number of students who finally got a loan through our platform. 130 students have taken over 30crores in loans through the platform in 2016.
ACTIVE USERS:
5000
ACTIVE USERS COMMENT:
We have 3 partner banks, SBI, Axis, and BoB. As far as the number of users listed above is concerned, it refers to the most recent monthly user volume
TRACTION COMMENT:
GyanDhan helped over 250 students get education loans of around Rs 60 crore.
People
FOUNDERS
NUMBER OF EMPLOYEES
1-10
INVESTORS:
Stanford Angels and Entrepreneurs
Stanford Angels and Entrepreneurs
COMMENT:
We experienced financial constraints during our studies. This experience fuels our passion for democratizing education. We draw the tools needed to build a sustainable education financing offering from the several years we spent shaping credit strategies for Capital One, one of the biggest banks in the US. Ankit Mehra, CEO,co-founder, is an alum of IIT Kanpur (Class of 2007),IESE MBA (Class of 2015) with a c.6 years experience in strategy at Capital One,investment banking at Credit Suisse. Jainesh SInha, COO,co-founder, is an alum of IIT Delhi (Class of 2009) with a c.5 year experience in risk analytics,business strategy at Capital One. Aman Jain leads marketing,operations,is an IIT-Kanpur graduate of 2016. Jayant Sharma leads tech development,is an IIT-Kanpur alum from the class of 2013. Rachit Jain works in the data science team,is an alum of IIIT-D
Momentum
FUNDED
YES
DATE OF LAST FUNDING
Jul 2016
TOTAL FUNDING COMMENT
Undisclosed 2 rounds of funding
LISTED
NO
COMMENT
An undisclosed amount raised in June 2017.
For Investors
FUNDING NEEDED:
$2.5 M
USES OF FUNDS RAISED:
1. Expansion of data science team: Expansion of credit model to multiple geographies/courses
2. Launch refinance product
3. Entry in the US
EXIT STRATEGY
1. Trade sale to an Indian bank or NBFC 2. IPO
MONTHS LEFT WITH CURRENT CASH BURN RATE:
8 months from 24 Mar, 2017
Sign up for a 30- day free trial with MEDICI Inner Circle to follow and track profiles you care about.
Related Companies
CashCare is simple and secure data driven lending platform for e-commerce purchases. Consumers can apply for short-term loans on a real-time basis.
Easyfinance.in provides online finance brokers in India. They are are an online loan information and application portal, which provides information on all available loans i...
LoanMeet is a peer to peer lending platform that borrowers can use to raise to get a personal or business loan from lenders. The lenders earn more than market rates for the...
FOUNDING YEAR:
LOCATION:
Views:
About
GyanDhan is a student lending platform creating a unique approach and a new way of evaluating Students’ credit based on their potential. GyanDhan evaluates credit-worthiness for talented students by using academic records, IQ scores, target institutions, and other factors in conjunction with traditional determinants of credit quality.
GyanDhan
About
GyanDhan is a student lending platform creating a unique approach and a new way of evaluating Students’ credit based on their potential. GyanDhan evaluates credit-worthiness for talented students by using academic records, IQ scores, target institutions, and other factors in conjunction with traditional determinants of credit quality.
Focus
PRODUCTS & SERVICES
Educating financing marketplace providing financial solutions for education. To the banks, we offer a student employability assessment tool that help them 1.) Reduce risk by focusing on highy employable candidates 2.) Expand footprint by creating new loan structures, including unsecured education loans, that account for student potential. To the students, we offer a one-stop solution for their financing needs. In addition to launching new products like the 30 lakh unsecured loan for higher studies abroad through our partner banks, we also 1.) help students in the loan application process focusing primarily on loan approval timelines. 2.) provide a scholarship listing and search portal 3.) help provide services like admit predictor model to help students select colleges
REVENUE MODEL
We get paid a fixed % of the total loan disbursement by the partner banks as of now. In the future, we will be adding a % of loan book to the revenue stream once we start offering on-going monitoring
TOP PROBLEM SOLVED
Employability model that helps evaluate the ability of a student to repay the loan after he/she will have completed his/her education. This is critical in addressing banks' concerns around building a profitable education loan book.
INTELLECTUAL PROPERTY
Patent(s) not Filed
PRODUCT DEVELOPMENT STAGE
COMMERCIAL LAUNCH
PRODUCT DEVELOPMENT COMMENT
There is no model that currently evaluates prospects of a student getting a job. The best proxy is either a school ranking or GRE scores, both of which have considerable deficiencies. Our model actually focuses on the ability part of the credit risk.
KEY DIFFERENTIATORS
Built on actual data from the last 15 years.
PRIMARY CUSTOMER TYPE
Enterprise - Banks or Financial Institutions
PRODUCT ATTRIBUTES
SaaS
White label
STRATEGIC CLIENTS AND PARTNERSHIP
State Bank of India : Client
Axis Bank : Client
Bank of Baroda : Client
People
FOUNDERS
NUMBER OF EMPLOYEES
1-10
KEY EMPLOYEES:
CEO, FOUNDER: Ankit Mehra
CTO: Ankit Mehra
COO, FOUNDER: Jainesh Sinha
CRO: Jainesh Sinha
TEAM COMMENT:
We experienced financial constraints during our studies. This experience fuels our passion for democratizing education. We draw the tools needed to build a sustainable education financing offering from the several years we spent shaping credit strategies for Capital One, one of the biggest banks in the US. Ankit Mehra, CEO,co-founder, is an alum of IIT Kanpur (Class of 2007),IESE MBA (Class of 2015) with a c.6 years experience in strategy at Capital One,investment banking at Credit Suisse. Jainesh SInha, COO,co-founder, is an alum of IIT Delhi (Class of 2009) with a c.5 year experience in risk analytics,business strategy at Capital One. Aman Jain leads marketing,operations,is an IIT-Kanpur graduate of 2016. Jayant Sharma leads tech development,is an IIT-Kanpur alum from the class of 2013. Rachit Jain works in the data science team,is an alum of IIIT-D
INVESTORS:
Stanford Angels and Entrepreneurs
Momentum
FUNDED
YES
TOTAL FUNDING:
$170 K
LISTED
NO
FUNDING SERIES
Seed --- May 2016 --- USD170 K at a USD1.33 Mvaluation Comment on Seed Participation from Indian chapters of Stanford Angels, Harvard Angels, and angel investors. Stanford Angels and EntrepreneursSubscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!
GyanDhan is a student lending platform creating a unique approach and a new way of evaluating Students’ credit based on their potential. GyanDhan evaluates credit-worthiness for talented students by using academic records, IQ scores, target institutions, and other factors in conjunction with traditional determinants of credit quality.
Focus+Momentum+Traction+People+For Investors+
Other+Related Companies
Join the exclusive global FinTech community
Be a part of the global FinTech community on Slack
GyanDhan
About
GyanDhan is a student lending platform creating a unique approach and a new way of evaluating Students’ credit based on their potential. GyanDhan evaluates credit-worthiness for talented students by using academic records, IQ scores, target institutions, and other factors in conjunction with traditional determinants of credit quality.
Focus
PRODUCTS & SERVICES
Educating financing marketplace providing financial solutions for education. To the banks, we offer a student employability assessment tool that help them 1.) Reduce risk by focusing on highy employable candidates 2.) Expand footprint by creating new loan structures, including unsecured education loans, that account for student potential. To the students, we offer a one-stop solution for their financing needs. In addition to launching new products like the 30 lakh unsecured loan for higher studies abroad through our partner banks, we also 1.) help students in the loan application process focusing primarily on loan approval timelines. 2.) provide a scholarship listing and search portal 3.) help provide services like admit predictor model to help students select colleges
REVENUE MODEL
We get paid a fixed % of the total loan disbursement by the partner banks as of now. In the future, we will be adding a % of loan book to the revenue stream once we start offering on-going monitoring
TOP PROBLEM SOLVED
Employability model that helps evaluate the ability of a student to repay the loan after he/she will have completed his/her education. This is critical in addressing banks' concerns around building a profitable education loan book.
PRODUCT DEVELOPMENT STAGE
COMMERCIAL LAUNCH
PRODUCT DEVELOPMENT COMMENT
There is no model that currently evaluates prospects of a student getting a job. The best proxy is either a school ranking or GRE scores, both of which have considerable deficiencies. Our model actually focuses on the ability part of the credit risk.
KEY DIFFERENTIATORS
Built on actual data from the last 15 years.
PRIMARY CUSTOMER TYPE
Enterprise - Banks or Financial Institutions
PRODUCT ATTRIBUTES
SaaS
White label
STRATEGIC CLIENTS AND PARTNERSHIP
State Bank of India : Client
Axis Bank : Client
Bank of Baroda : Client
People
FOUNDERS
NUMBER OF EMPLOYEES
1-10
KEY EMPLOYEES:
CEO, FOUNDER: Ankit Mehra
CTO: Ankit Mehra
COO, FOUNDER: Jainesh Sinha
CRO: Jainesh Sinha
TEAM COMMENT:
We experienced financial constraints during our studies. This experience fuels our passion for democratizing education. We draw the tools needed to build a sustainable education financing offering from the several years we spent shaping credit strategies for Capital One, one of the biggest banks in the US. Ankit Mehra, CEO,co-founder, is an alum of IIT Kanpur (Class of 2007),IESE MBA (Class of 2015) with a c.6 years experience in strategy at Capital One,investment banking at Credit Suisse. Jainesh SInha, COO,co-founder, is an alum of IIT Delhi (Class of 2009) with a c.5 year experience in risk analytics,business strategy at Capital One. Aman Jain leads marketing,operations,is an IIT-Kanpur graduate of 2016. Jayant Sharma leads tech development,is an IIT-Kanpur alum from the class of 2013. Rachit Jain works in the data science team,is an alum of IIIT-D
INVESTORS:
Stanford Angels and Entrepreneurs
Momentum
FUNDED
YES
TOTAL FUNDING:
$170 K
LISTED
NO