Bengaluru, India
Cashkumar is a pioneering short-term P2P lending platform in India, licensed by the RBI as an NBFC-P2P. Since its establishment in 2012, the company has been a leading player in the industry, providing short-term loans to borrowers. With a focus on creating an alternative channel of credit and investment, Cashkumar aims to disrupt the short-term peer-to-peer lending landscape in India through technological innovation and process enhancements.
Utilizing a proprietary credit underwriting algorithm and integration with India Stack, including Aadhaar and eKYC, Cashkumar ensures proper verification of loan seekers before listing them on the platform. This approach instills confidence in lenders, facilitating hassle-free and seamless online funding for the borrowers.
The company's approach not only benefits borrowers but also provides a compelling investment opportunity for lenders, who receive monthly EMIs in the form of principal and interest. In May 2018, Cashkumar secured a INR50.00M investment in a seed round, with backing from notable investors including OperatorVC, Vishal Sampat, and Mohan Kumar.
Given its strong track record and commitment to leveraging technology for financial inclusion, Cashkumar stands out as a key player in the Finance, Financial Services, and Fintech sectors in India. As the company continues to expand its presence, it offers an appealing opportunity for venture capital firms seeking to contribute to the growth and evolution of the Indian fintech landscape.
