and is poised to achieve double in the FY 2019-20
Bengaluru, April 29th 2019: Shubh Loans, India’s leading mobile money lending startup, has just closed on a successful financial year and has set its aim right for the FY 2019-20. The company aims to double the loan disbursal by the end of current financial year, and get closer to its goal of bringing over one million people into the formal banking system as part of its mission 2020. Therefore, it’s an impressive feat to achieve such growth.
In terms of business expansion and widening of the customer base, Shubh Loans has been working to reach out to new regions, especially in the tier 2 and tier 3 cities. As a part of its strategic expansion plantargeting the SME cluster, Shubh Loans is launching in areas such as Rajkot, Rudrapur, Panchkula and Sholapur.
“We are building a distribution and risk advantage over others coupled with a unique credit scoring layer. We see ourselves as data whisperers and our philosophy is that no single piece of data is definite but is a piece in a mosaic“, commented Monish Anand, Founder and CEO, Shubh Loans.
Shubh Loans, the next-gen credit scoring and lending platform, is bringing digital lending to Tier 2 and Tier 3 cities of India. The Bengaluru based fintech company is already operational in 13 cities and is making positive difference to the lives of the Next Billion users (households with an annual income between INR 1.4 Lacs and INR 4.5 Lacs).