About the speaker
Ashish Goel is the Chief Technology Officer at Ziploan. He leads the digital initiatives of the organization. And, works on strengthening the product for a better customer reach and experience. During an interaction with TheTechPod – “Customer Data is protected as a culture at Ziploan,” – Ashish Goel.
Before joining ZipLoan, Ashish was Co-Founder and CTO at Milkbasket. He had built its Technology and Product team right from the scratch. And, scaled it to meet the growing business demands and bring it to the current level, according to a statement. Before co-founding Milkbaket, he spent close to 15 years in technology, working for BFSI companies. Also, had also co-founded a real-estate start-up Ursqft.
About the company
ZipLoan is a fintech lender on a mission to provide hassle-free working capital loans to small businesses in India. Its technology-enabled platform offers credit in a fast and hassle-free manner. Due to their low-ticket size requirements and the need to physically verify details, small businesses remain extremely underserved by lenders, since operating costs limit profitability. Larger lenders prefer not to focus on this segment. And, informal lenders end up charging very high interest rates of 48-60% per annum.
Through their proprietary ZipScore (machine learning-based risk assessment), lean operations and unique co-lending model with leading banks and NBFCs, they are able to provide business loans of upto INR 10L. At a fraction of the cost compared to traditional lenders. And, in one of the quickest turnaround times in the industry, while maintaining favourable unit economics. For 80% of the borrowers, Ziploan is their first unsecured business lender. To date, ZipLoan has disbursed INR 450+ Cr of business loans to over 10,000 customers.
In an interaction with Rohit Sardana, Ashish Goel speaks about the future of fintech in India. Also, Rohit Sardana is the Editor-in-Chief at TheTechPod and Co-founder of IncubateIND. Let’s hear the complete podcast. And, also understand – “Customer Data is protected as a culture at Ziploan – Ashish Goel.”