Bharat Ka loan Search Engine
CredMudra is a financial startup dedicated to narrowing the significant financial gap in our society. Guided by the firm belief that financial services should be accessible to all and not just a privilege, our mission is to provide intuitive, inclusive services, particularly for those underserved in our communities.
Vision: Achieving financial inclusivity in India, providing affordable, reliable financial services to all, regardless of socio-economic status.
Our customers are middle class Indian who doesnt have perfect credit history and score
Access to credit options from the comfort of the home from the mobile
The actuality of the problem is confirmed by the fact that many middle-class Indians lack access to affordable credit due to imperfect credit history.
Our startup, Bharat Ka Loan Search Engine, is designed to democratize access to credit opportunities for India's middle-income group with imperfect credit histories. We provide a platform that enables our customers to explore diverse loan options right from their home using just their
Our startup, CredMudra, aspires to bridge the financial divide through inclusive services dedicated to underserved communities in India. Our main focus is middle-class India with unreliable credit history for whom we aim to provide affordable and trustworthy financial options at their fingertips. Leveraging technologies such as mobile banking platforms and AI offers us a viable solution towards achieving our goal of democratizing access to credit facilities.
Our solution utilizes a proprietary algorithm to analyze various data points on users' phones, validating intent and credit history in full compliance with RBI norms.
Multiple loan options catered to individual needs and preferences with best interest rates
We estimate the market size for which our solution is designed in monetary terms as follows
Is our goal in the next 3 years
My key role is as a strategic architect and I'm responsible for devising innovative strategies to achieve our startup's vision.
Consider adding a CTO to drive technological innovation, a CFO to manage finances and risk, and an HR head for building the best team.
Solution like BankBazaar and Paisa Bazzar is already in the market
We're motivated by resolving real-world challenges rather than merely capitalizing on market opportunities. Our goal isn't just profit, but empowering our users through innovative solutions.
Our funding partners pay us anywhere between 3.5% to 5.50% depending on total loan disbursement slabs through our platforms
We've successfully distributed loans worth around 10 crore during our MVP testing phase via our innovative platform.
We are steadily moving towards our targets, aiming for a monthly volume of 200,000 processed applications and onboarding 500 DSA members.
Our product metrics revolve around the 'Applicant to Loan Disbursal Rate'. We meticulously track conversions, from initial application stage right through loan distribution. It's a key index of our operational efficacy and customer adoption rate.
Our current expenditure stands at approximately 16 lakh per month, demonstrating a closely controlled burn rate for our operational and growth-focused activities. Our gross margin is presented in negative figures at around -5%, indicating an area of challenge and focus as we aim to increase revenue and control the cost of sales. Our customer acquisition cost is economically cautious, standing at approximately 24 INR, showing efficient marketing efforts with room for scaling up based on market response.
Our company incorporated in
India
Our startup, "CredMudra," is a financial inclusion platform aimed at bridging the socio-economic disparity gap in India. We cater primarily to middle-income individuals with imperfect credit histories by providing them easy access to various loan options from their homes. Simultaneously, we carry risks related to regulatory changes and market adoption uncertainties.
$
200000
We raised investments
Arif Khan as Co-founder invested
$
500000
Currently, we are raising investments
$
2 Million USD
Estimated pre-investment valuation of the company
As an innovative financial startup, we're envisaged to empower underserved communities with affordable and reliable financial services at their fingertips. At CredMudra, we value the potential of technological advancement, efficient data processing, and personalized services targeted at those with imperfect credit histories. At this developmental stage, we're looking for a co-founder who can bring substantial value to our operational model by contributing expertise in the dynamic financial sector while sharing our vision of democratizing credit facilities for all regardless of socio-economic status. The ideal candidate will be able to handle multiple dimensions of our startup, including strategic planning, technology innovation, financial management, and team building. This leadership position entails not just executing defined strategies but also anticipating industry trends to keep CredMudra innovative and user-centric in a competitive market.
We're looking for a dynamic and visionary Chief Technology Officer (CTO) who is passionate about financial inclusion and capable of leveraging technology to bridge the financial gap in our society. At CredMudra, we are committed to creating intuitive, inclusive services, particularly for those underserved in our communities. As our CTO, you would be at the forefront of this mission. Your key responsibilities would include driving our technology strategy, overseeing our technical team, and pushing the boundaries of our current tech capacity to foster innovative solutions. We hope to find someone that shares our values and is ready to lead us to new heights. As an early-stage startup, we offer a unique opportunity to be a part of creating something impactful from the ground up. If you believe in our mission and thrive in dynamic, fast-paced environments, CredMudra might be the perfect place for you.
