56: LongShorts: The Credit and Electric Revolution
When Sameer Aggarwal moved back to Delhi after working in credit for almost a decade (HSBC, Oakam - UK), he saw many Indians missing the financial inclusion boat. This in his view is part thanks to non-availability of data and part because of poor data.
He kicked off RevFin (as the name indicates) as an attempt to Revolutionise Finance and especially lending, starting by going deep into the consumer Electric Three Wheeler (e3W) segment.
We caught up with Sameer to understand the fundamental mechanics of the lending business i.e. lending itself and the role that can be played by technology. He walks us through RevFin's model, which combines innovative biometrics and psychometrics oriented approval processes while building an ecosystem for borrowers via gamification.
And we would never miss an opportunity to learn his take on the stressed NBFC sector and the much discussed ongoing economic slowdown.