About Us

Our Story

We are focused on improving credit availability for users from tier-2 & tier-3 cities. Currently, lower & mid-income segment groups don't have access to high-quality financial services, low ticket sizes and being non-focus groups for banks. We believe by leveraging technology we could build a self-serve system that could deliver a great experience while ensuring we capture sufficient data points for underwriting credits.

Our first credit product is a Gold Loan.

Currently, 65% of the $130 billion gold loan market is unorganised (bypassing regulations) & managed by pawnbrokers, money lenders, and jewellers, amongst others. In the unorganised market, customers are exploited frequently with high-interest rates (>30%).

We are building technology which enables jewelers & pawnbrokers to work with multiple banks & convert unorganised businesses into organised ones with no hassle. This will also reduce the interest rates charged to end customers.

Our Founders

Nikhil Jain

Founder

An Ex-McKinsey&Company company consultant & alumnus of the Indian Institute of Technology Roorkee, Nikhil has worked extensively in digital transformations in banking & pharma sector. He led industry 4.0-based business excellence projects at ITC Ltd. At McKinsey, he has worked on building & scaling digital banking applications and restructuring lending businesses.

Durgesh Suthar

Founder

Durgesh graduated from the Indian Institute of Technology Roorkee and has over 6 years of experience in building tech products. He has worked with Flipkart and built scalable tech systems. In xto10x he built saas products and their tech team from scratch. He is passionate about cyber security and has won multiple hackathons & over the years.

Our Investors

Antler is founded on the belief that people innovating is the key to building a better future, antler partners with exceptional founders across six continents to launch and scale startups that address meaningful opportunities and challenges. Knowing that exceptional founders can come from anywhere with any background, we have offices in 25 cities across six continents, including austin, new york, london, berlin, stockholm, bangalore, jakarta, singapore, seoul, tokyo, and sydney.

Kae capital is a pioneer of early-stage investing in india, focused on tech startups, and has been investing in india for 10+ years. Founded in 2012, and based out of mumbai and bengaluru, kae is a sector-agnostic fund that invests in pre-seed to pre-series a stages. Kae partners with passionate founders and teams, building for indian and global markets. Kae aims to be an all-weather partner to its portfolio founders, enabling them to build enduring companies.