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Former Infosys CFO V Balakrishnan launches fintech firm named billionloans

It will look to make borrowing easy for small businesses and individuals

Ayan Pramanik  |  Bengaluru 

Former Infosys board member V Balakrishnan has founded a financial technology (fintech) firm named billionloans that looks to make borrowing easy for small businesses and individuals. The fintech firm, founded jointly by Rangan Varadan of MicroGraam, will replicate the social impact organisation's model to link commercial lenders with borrowers. The focus is to build a credible 360 degree credit profile of borrowers based on their banking history and social graph so as to minimise risk for lenders. "We have integrated a lot other technologies to ensure better ...

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Former Infosys CFO V Balakrishnan launches fintech firm named billionloans

It will look to make borrowing easy for small businesses and individuals

Former Infosys board member V Balakrishnan has founded a financial technology (fintech) firm named billionloans that looks to make borrowing easy for small businesses and individuals .The fintech firm, founded jointly by Rangan Varadan of MicroGraam, will replicate the social impact organisation's model to link commercial lenders with borrowers. The focus is to build a credible 360 degree credit profile of borrowers based on their banking history and social graph so as to minimise risk for lenders."We have integrated a lot other technologies to ensure better user experience with less manual intervention by creating a 360 degree credit profile," V Balakrishnan told Business Standard in an interview. He has invested $ 1 million in the venture that would raise funds from investors.Balakrishnan, who also runs a venture capital firm that focuses on investing in startups that builds technologies for enterprises, is looking to offer short term loans and bill discounting services to small ... Former Infosys board member V Balakrishnan has founded a financial technology (fintech) firm named billionloans that looks to make borrowing easy for small businesses and individuals. The fintech firm, founded jointly by Rangan Varadan of MicroGraam, will replicate the social impact organisation's model to link commercial lenders with borrowers. The focus is to build a credible 360 degree credit profile of borrowers based on their banking history and social graph so as to minimise risk for lenders. "We have integrated a lot other technologies to ensure better ... image
Business Standard
177 22

Former Infosys CFO V Balakrishnan launches fintech firm named billionloans

It will look to make borrowing easy for small businesses and individuals

Former Infosys board member V Balakrishnan has founded a financial technology (fintech) firm named billionloans that looks to make borrowing easy for small businesses and individuals. The fintech firm, founded jointly by Rangan Varadan of MicroGraam, will replicate the social impact organisation's model to link commercial lenders with borrowers. The focus is to build a credible 360 degree credit profile of borrowers based on their banking history and social graph so as to minimise risk for lenders. "We have integrated a lot other technologies to ensure better ...

image
Business Standard
177 22