90% of ecommerce in India is cash on delivery. That is almost 4 billion USD of credit floating around - but not managed and packaged as credit and risk. What it means is that we are building structure around something that already happens at a large scale in India… just not built right.
By building better credit & lending infrastructure, we want to enable more people to access credit. Our job starts BEFORE you start using a payment gateway or a wallet - we believe the basic problem in the trillion dollar Indian economy is access to liquidity. Our aim is to expand the credit economy — simply replacing the legacy credit providers/banks would probably be a great business success, but it’s not all that interesting as a goal.