COVID-19 and the national lockdown will be a trial by fire for most consumer loan startups.
The transfer of money from me to you and you to me is what greases the wheels of the modern economic machine. We earn, we spend, and then, most importantly, we borrow to spend some more right now, betting on earning more later. Salaries and profits fuel deposits and capital, which get routed into credit, which drives consumption, resulting in the vital rotation of money.
Over the past five years or so, India has seen a flurry of startups emerge promising to usher in a new wave of technology- and data-led lending. Venture capital tracking platform Traxcn lists 484 “alternative …
Vardhan Koshal was adventurous enough to pursue a master's in economics after his engineering education in the late 2000s. He started his career with Citibank US, working on their credit scoring team, and then started a ride-sharing startup that was sold to Carzonrent in 2015. He has held India leadership positions with Udacity and Tripadvisor and has consulted for multiple startups on product and growth. He is now working on a post-COVID-19 personal finance solution.
vardhankoshal@gmail.com