InstaPaisa

lendingonline loans

FOUNDING YEAR: 2015
LOCATION: India
Last Update: 02/07/2020

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About

Instapaisa was acquired by Incred in Jan 2016, it is an online and mobile platform brings together lenders and borrowers, creates credit profiles using the proprietary, new-age data based proxy credit score technology matches borrowers to the best lenders for their profile, and executes lending transactions.

Focus

PRODUCTS & SERVICES

Online Consumer Lending platform. It helps in executing instant loan transactions for borrowers and lenders.

REVENUE MODEL

The company generates revenue by earning commissions on the approval of loan from lender.

MAIN CLIENTS

Borrowers

EXISTING PARTNERSHIPS

Axis bank

ICICI Bank

HDFC

SBI

Standard Chartered Bank - Lending partners

Traction

TRACTION COMMENT:

As of Oct 2017, The company has processed 2100+ applications and has disbursed loans worth INR 132 lakhs.

People

FOUNDERS

Nikhil Sama

Rohit Agrawal

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Citi Mobile Challenge

KEY EMPLOYEES:

Nikhil Sama(CEO); Rohit Agrawal(COO)

Momentum

FUNDED

NO

DATE OF LAST FUNDING

Dec 2015

SEED CLOSED ON

Dec 2015

SEED PRIOR FUNDING COMMENT

25000

LISTED

NO

Innovation Programs

BASICS

FOUNDING YEAR:

2015

LOCATION:

India

Views:

186 VISITORS | 487 VIEWS
TOTAL EMPLOYEES
11-50

About

Instapaisa was acquired by Incred in Jan 2016, it is an online and mobile platform brings together lenders and borrowers, creates credit profiles using the proprietary, new-age data based proxy credit score technology matches borrowers to the best lenders for their profile, and executes lending transactions.

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!

Focus+
Momentum+
Traction+
People+
Other+

Innovation Programs

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