A groundbreaking initiative in India’s financial landscape sees three seasoned professionals—Saif Hasan, Jaspreet Singh, and Prajit Chandrasekhar—uniting to establish KreditVenture. This innovative Non-Banking Financial Company (NBFC) is specifically designed to tackle the significant credit deficit faced by Micro, Small, and Medium Enterprises (MSMEs) operating in India’s tier 2 and tier 3 cities. Their collective expertise is now focused on empowering these vital businesses.
Saif Hasan, a co-founder of KreditVenture, articulated the company’s strategic vision. ‘Our core principle is to achieve cautious yet substantial growth across the length and breadth of India, especially in the areas often referred to as Bharat. We plan to offer a range of secured products, starting with Loan Against Property (LAP) and expanding into similar offerings. We firmly believe that the next wave of expansion in secured lending will be driven by agile pioneers who actively forge digital collaborations with partners across the entire financial ecosystem,’ he explained.
With operations already underway in nearly ten towns across Maharashtra, KreditVenture has ambitious plans for rapid expansion. The firm aims to reach fifty locations within the next year and is strategically positioning itself to soon enter the bustling southern and northern markets. This expansion will significantly bolster its footprint across India’s key growth regions, ensuring wider access to much-needed financial support.
KreditVenture has successfully secured initial equity funding from Nikunj Jajodia, representing a prominent Delhi-based family office. Demonstrating a collaborative approach, the company has also forged strategic co-lending partnerships with several established NBFCs and Housing Finance Companies (HFCs), including DMI Housing Finance, Agrim Housing Finance, and Singularity Credit World (BHN). These alliances will further strengthen KreditVenture’s ability to serve its target market effectively.