Saif Hasan, Jaspreet Singh, and Prajit Chandrasekhar, all financial services experts, started KreditVenture. This non-banking finance company targets the credit needs of small and medium businesses in India’s smaller cities, like those in tier 2 and tier 3.
Saif Hasan, the founder of KreditVenture, stated, “We aim for smart, steady growth all over India. This starts with loans against property and moves to other safe options. We think early leaders in secure lending will grow fast. They do this by linking partners online across the lending process.”
The company now works in about ten towns in Maharashtra. It plans to reach fifty spots in a year. Soon, it will enter southern and northern areas. This will build its reach in India’s key growth zones, the firm noted.
KreditVenture got early funding from Nikunj Jajodia’s family office in Delhi. It also partners with other lenders like DMI Housing Finance, Agrim Housing Finance, and Singularity Credit World (BHN) for joint loans.