New Delhi [India], April 14 (/SRV): My Mudra, a fintech quenching the financial thirst of people for decades is planning to raise the pre-Series A round in this financial year. My Mudra has welcomed this new financial year with the decision to raise an undisclosed amount of funding. The Delhi-based bootstrap fintech orgzation has built in 2013 and it has been a helping hand to lakhs of people who need financial services. The orgzation is trying to alter the mindset of people who think that taking financial aid is a burden on their shoulders by changing it to a planned decision and road to fulfill their dreams.
Founder and CEO Vaibhav Kulsreshtha has revealed that 'The funding received will be utilized in strengthening the roots of technology in the orgzation and in adding more financial products'. He further added that he is nurturing My Mudra like his kid to bring optimistic change to the financial services domain. The company has been dealing with the products like business loans (secured and unsecured), corporate funding, unsecured working capital, professional loans for CA, CS, doctors, and architects, and secured loans. Financial services is a crucial domain that will represent linear growth if the company is ready to bring a solution to the financial crunch faced by people. So far the orgzation has disbursed loans of more than Rs. 10000 crores through the association with more than 90+ banking partners, including top banks like HDFC, Axis, Bajaj Finserv, Kotak Mahindra, etc. The clock demands making people financially stable and My Mudra is taking steps to make it possible.
The company has left its footprint in most of the part of the country with more than 140 branches and the team strength exceeding 500 people who are ready to go the extra mile to achieve targets. The head office of the orgzation has been set up in Delhi. Started in a room with the thought of reducing the plight and burden of lakhs of people who need financial assistance. By setting up branches in remote parts of India, the company is trying to expand itself with the thought of making a name with local people. Though banks and NBFCs are providing financial aid but still getting a loan is a strenuous task, with too much documentation, and yet many people face loan rejection. My Mudra has become a bridge between banks and customers. Where other competitors are paying attention either to the physical or the technological aspect, the USP of the orgzation is providing aid through the Phygital process which showcases financial aid through physical and digital process.
Currently, the My Mudra is inviting potential strategic investors that can contribute in the vision of the orgzation. This new financial year the orgzation is taking a step ahead to incline the growth of the company by adding stakeholders and investors who believe in creating financially independent society.
This story has been provided by SRV. will not be responsible in any way for the content of this article. (/SRV)
Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor