Founder Thesis Democratizing Lending | Bhavin Patel @ LenDenClub
Getting access to loans, that too timely is a painful process in India. There are numerous parameters for approval and one’s request might be denied for reasons which are nowhere related to a borrower’s credibility.
In this episode of the Founder Thesis podcast, Akshay Datt speaks with Bhavin Patel, Co-founder and CEO, LenDenClub, which is one of India’s pioneer Peer-to-Peer (P2P) lending platforms.
Bhavin has extensive experience working with NBFCs, both as a consultant and an employee. He has closely witnessed the struggles NBFCs face with respect to lending loans and raising capital. This acted as an idea that gave birth to LenDenClub in 2015, which has dispersed more than 500 crores worth of loans in FY21.
Tune in to this episode to hear Bhavin talk about how LenDenClub is empowering both lenders and borrowers and disrupting the traditional NBFC segment with its exemplary execution and automation.
Key takeaways!
- Identifying what customers want.
- Automation is the key to success.
- Learning from experimentation.
- Vision 2030.