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Monish Anand. He\\u2019s a banker, a technologist, and a Fintech evangelist. Above everything else, he\\u2019s a father. He spent 20+ plus years in corporate working for large banks and technology companies only to realize that they were not solving big problems and quite frankly, were often part of the problem. His company, Datasigns Technologies, aims to provide underserved and unserved access to optimal credit.

Famous Five:

• Favorite Book? \\u2013 Calvin and Hobbes
• What CEO do you follow? \\u2013\\xa0 Jeff Bezos
• Favorite online tool? \\u2014 Google Calendar and Google Task
• Do you get 8 hours of sleep?\\u2014 Yes
• If you could let your 20-year old self, know one thing, what would it be? \\u2013 \\u201cI wish I knew what Internet was\\u201d

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Time Stamped Show Notes:

• 01:35 \\u2013 Nathan introduces Monish to the show
• 02:20 \\u2013 Datasigns Technologies started last year
• 02:32 \\u2013 Datasigns Technologies gives credit ratings
• 02:38 \\u2013 400M people in India apply for loans yearly
• 02:42 \\u2013 Less than 107 get loans from banks and other financial institutions
• 03:00 \\u2013 Datasigns Technologies tries to bridge the gap between the credit givers and credit takers
• 03:15 \\u2013 Datasigns Technologies has grade scoring algorithms
• 03:35 \\u2013 Monish believes that the calculus used to determine credit worthiness is not good enough
• 04:03 \\u2013 Datasigns Technologies calculates data from sources and turns them into algorithms
• 04:10 \\u2013 Monish shares his driver\\u2019s experience applying for a loan
• 05:18 \\u2013 Datasigns Technologies relies on mobile data
• • 05:48 \\u2013 Datasigns Technologies has a mobile app
• 06:06 \\u2013 Datasigns Technologies\\u2019 marketing explained
• 06:35 \\u2013 Datasigns Technologies has a tie-up with micro-small to medium enterprises
• 07:00 \\u2013 Datasigns Technologies does financial literacy for the enterprises
• 07:21 \\u2013 There are 75K people who now understands Datasigns Technologies
• 07:54 \\u2013 Datasigns Technologies has around 10K app downloads
• 08:07 \\u2013 Datasigns Technologies has closed 600 loans
• • 08:20 \\u2013 Loan terms
• 09:24 \\u2013 Datasigns Technologies was Angel funded, last year
• • 09:31 \\u2013 They have raised around $400K on an equity round
  • 09:39 \\u2013 Datasigns Technologies is raising another round of $5M
• 09:50 \\u2013 Nathan breaks down the math
• 10:27 \\u2013 Datasigns Technologies\\u2019 interest rate varies from 22-26%
• • 10:46 \\u2013 Interest rates, in India, are much higher than in the USA
• 11:27 \\u2013 Datasigns Technologies is the only company in India that is mandated by financial institutions to acquire customers
• 12:00 \\u2013 Loan sharks charge 3% a month
• 12:40 \\u2013 Datasigns Technologies has a processing fee and a basic interest rate
• 13:03 \\u2013 How Datasigns Technologies makes money
• 13:43 \\u2013 Datasigns Technologies helps banks build their books
• 14:00 \\u2013 Why Datasigns Technologies is raising $5M
• 14:22 \\u2013 Team size is 17
• • 14:36 \\u2013 All based in Bangalore, India
• 14:45 \\u2013 Monish shares why he started Datasigns Technologies
• • 15:05 \\u2013 \\u201cThere are people who deserve loans, but are not getting loans from the banks\\u201d
• 16:30 \\u2013 The Famous Five

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3 Key Points:

• Be the solution\\u2014not just part of the problem.
• There are people who deserve a loan, but are not given a chance\\u2014Monish wants to change that.
• The fintech space is one of the hottest spaces, at the moment.

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Resources Mentioned:

• The Top Inbox\\xa0 \\u2013 The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences
• Organifi \\u2013 The juice was Nathan\\u2019s life saver during his trip in Southeast Asia
• Klipfolio \\u2013 Track your business performance across all departments for FREE
• Acuity Scheduling \\u2013 Nathan uses Acuity to schedule his podcast interviews and appointments
• Host Gator\\xa0\\u2013 The site Nathan uses to buy his domain names and hosting for the cheapest price possible.
• Audible\\xa0\\u2013 Nathan uses Audible when he\\u2019s driving from Austin to San Antonio (1.5-hour drive) to listen to audio books.
• Freshbooks \\u2013 Nathan doesn\\u2019t waste time so he uses Freshbooks to send out invoices and collect his money. Get your free month NOW
• Show Notes provided by Mallard Creatives