 "Balakrishnan")
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,"
