Naveen Kukreja, Co-founder & CEO, shares his perspective on the long-term growth prospects of the lending industry with Times of India on Dec 24, 2024 As 2024 draws to a close, it is an opportune time to reflect on the year gone by for the lending industry – a year marked by a significant period of consolidation for the...
Naveen Kukreja, Co-Founder & CEO, pens his thoughts on RBI's initiatives with Times of India (October 29, 2024) With the launch of ULI (Unified Lending Interface), the RBI has taken another defining step towards strengthening our already gold-class Digital Public Infrastructure, which is steadily bringing inclusiveness of formal credit. The new platform aims to build frictionless credit processes for credit-starved...
Naveen Kukreja, Co-founder & CEO, spoke with The Economics Times on Paisabazaar's long-term growth strategy, scaling offline distribution capabilities, and increased focus on secured lending (Oct 16, 2024).
Naveen Kukreja spoke at Fintegrate Zone 2019, on India's Lending Landscape - Challenges & Opportunities.
India today stands tall as one of the most dynamic markets globally with a strong economy, a young population, and a gold-standard digital infrastructure. The last few years have been an exciting time for India’s financial services space, with payments leading the way, building a case-study for the world to see. I strongly believe the next 5 to 7 years...
Paisabazaar is looking to accelerate its recurring revenue business model for lending business as the PB Fintech brand looks to cushion itself from any future shocks such as COVID-19. During the pandemic, the company had seen its 90% revenue disappear in a matter of weeks. Called trail book, it accounted for around 14 percent of the revenue during the June...
When the COVID-19 pandemic struck in 2020, Paisabazaar lost 90 percent of revenue almost immediately because financial institutions that were its partners stopped lending. At the time, the credit arm of PB Fintech used to earn all its income in upfront fees to generate leads for credit cards and loans. Drawing from that experience, Paisabazaar has since set itself on the path...
Paisabazaar is looking to clock a net profit from next quarter onwards, in line with its parent PB Fintech, Naveen Kukreja, cofounder and chief executive of the credit marketplace, told ET. The company has been earnings before interest, taxes, depreciation, and amortization (Ebitda) positive since the December quarter. For the quarter ended September 30, Paisabazaar reported total revenue of Rs...
