Former Jabong director joins the board of Fin-tech startup Qbera - Check how this firm helps in getting personal loans

Getting loans can be a task in itself. It involves a lot of procedures and hassles, which  But this startup promises its customers fast, easy and painless loans as easy as ordering a pizza! Bangalore based fin-tech lending startup Qbera, lends friction-less and fair loans to professionals. This firm started in the year 2016 under Aditya Kumar. 

The fin-tech startup recently on-boarded technology veteran Goldee Udani as its Chief Technology Officer (CTO) & Head of Data Science. With this new development, Goldee's objective will be enhancing Qbera's technology stack, with newer technological initiatives and equipping the firm with an upgraded form of data-driven lending. Qbera has disbursed over 100 crores of personal loans to salaried individuals till date. The platform envisions to take this figure to Rs. 400 crores per annum by the end of the upcoming fiscal.

Qbera CEO Aditya Kumar, after the event, comments," By partnering with leading institutions & building data-driven processes, we have been able to minimize the overall TAT (Turnaround Time) of personal loans to 24 hours, as compared to 6 to 8 business days taken by the leading banks. At present, our focus is on further enhancing our customer experience through technological & data-science driven interventions and couldn’t have found a more suitable person than Goldee Udani to do the job." 

Further, Goldee Udani, CTO, Qbera said," The credit scenario in India is quite challenging. The penetration of credit in India falls considerably short of the prevalent demand within the country." 

The main objective behind Qbera is to not only provide funds to potential consumers but also to those who belong to low-income groups or work in unorganised sectors. Moreover, it also focuses on lending individuals with low CIBIL scores who find it difficult to get credit otherwise. Today, Qbera caters to a number of salaried individuals, across 180 locations at 15,000 zip codes, offering loans ranging from 1 lakh to 15 lakhs.