Insiders Talk with Aditya Damani , Founder of CreditFair
Description
A brainchild of angel investor Aditya Damani, Credit Fair is a B2B2C Fintech lending startup.
CreditFair offers lending solutions to both businesses and private individuals at 0% or low cost, unsecured loan options even at the point of sale. It facilitates niche segments such as home furniture buying alongside conventional lending products. The average ticket size ranges from USD150-25,000 and tenure from 3 months to 3 years. Credit Fair offers loans in Electronic Vehicles, Education, patience financing,( elective treatment ). They have recently raised $15mil from two angel investors, aiming to expand their operations in smaller cities as well as enhance the technicality for better and robust processing. They have been able to manage to keep their NPA below 1.5% last year due to their strict due diligence and process. In July this year, Credit Fair has raised seed funding of $15 million from seasoned Angel investors Anand Ladsariya and Alok Agarwal, who have previously backed start-ups including Oyo, Ola, Myntra, Healthkart, Wow Momo, Uniphore and 1mg.
About Aditya Damani - Aditya Damani is the founder of India's emerging 360o lending platform Credit Fair and one of the directors of KM Global Finance Services Pvt. Ltd., exclusively leading its angel portfolio domain. Considered as an astute young mind of India's thriving start-up-focused investment sector, Aditya already has prominent start-ups such as Fynd (acquired by Reliance Industries Limited) and Zoomcar (Backed by Mahindra, Ford, and Sequoia) in his rapidly growing portfolio.