Growth Appetite

WhatsLoan has deployed its neo-lending digital platforms for farmers, home buyers and small businesses. Vidya Gouda, the company’s COO, reveals that over the last 2 years the company has processed more than 100,000 loan applications seeking `80 billion funding from leading HFCs, banks, gramin banks, NBFCs, MFIs, life insurance companies and ecommerce platforms. She says the company’s loan platforms have grown its business steadily - from 3000 borrowers/customers a month to 10,000 a month. Likewise, it has scaled up the borrowing volume from `3.5 billion a month to `7.5billion.

“We added agri loans - especially PM Kisan Credit Cards and MSME loans - achieving 300% growth in business and gross fee incomes per use basis,” says she.

WhatsLoan is in discussion with gold storage companies. This would solve the problems of young investors who have invested in e-gold for quick liquidity.

Says Vidya Gouda: “Over the next 5 years, we intend to impact more than 10 million farmers, out of 100 million identified under the PM Kisan scheme for agri loans, 1 million individual borrowers and 100,000 small businesses /MSMEs across secured and unsecured loans, offered through integrated platforms - HomeBuy and HomeLoans, CarBuy and CarLoans - in association with leading HFCs, banks, Ecommerce platforms and builders.”

WhatsLoan is looking to raise $1-2 million to foray into B2C and expansion to South East Asia and North America, with digital mortgages, agri loans and MSME platforms.