Paisagrowth, a fintech business, announced today that it has acquired $250,000 in initial funding from GSF, a leading startup accelerator, and other investors.
Anurag Tiwari, a former Business Development Manager at Loansimple, Aabhas Tripathi, a former top Strategy Executive at Fitso, and Abhishek Sharma, a former Vice President of Engineering at Loansimple, founded the company in 2020.
Paisagrowth is a loan origination, screening, and decision automation software created for Indian financial advisors to help borrowers obtain formal credit. Paisagrowth has 14 lending partners on its platform, including Bajaj Finserv, Fullerton, Indifi, and Lendingkart, who offer Personal and SME Loans. Paisagrowth is trying to build similar agreements with complementary NBFCs and Banks to expand her lending options.
Paisagrowth Cofounder Aabhas Tripathi said, “We have had a great journey thus far in understanding the industry pain points and addressing them by building a platform that works to the advantage of all three stakeholders of the digital lending ecosystem: borrowers, lenders and financial advisors. With this round of investment, we will be taking our product to the next level and onboard more lenders and financial advisors on our platform.”
Rajesh Sawhney, Founder at GSF Accelerator said, “Paisagrowth has built a remarkable platform for the digital lending ecosystem that is revolutionizing how consumers shop for loans, and how lenders reach new customers. We are really excited to back the Paisagrowth team and look forward to their playing a crucial role in the future growth of India’s digital lending space”.