Reliance Capital invest Rs 7 cr in ex-Infosys director’s BillionLoans

anmol, ambani

Latest News – Reliance Corporate Advisory Services Limited, a unit Reliance Capital has invested Rs 7 crore or about $1 million in BillionLoans Financial Services, a firm founded by former Infosys board member V Balakrishnan.

The financial technology (fintech) startup looks to make borrowing easy for small businesses and individuals by connecting borrowers to lenders via technology and data based credit analysis. The focus is to build a credible 360 degree credit profile of borrowers based on their banking history and social graph so as to minimise risk for lenders.

Balakrishnan co-founded BillionLoans with Dr Rangan Varadan, founder of micro lending platform MicroGraam.

“We are integrating diverse data analytic techniques like psychometric analysis and big data, along with user experience focused design to make this happen. We will leverage (Read More)

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