Page 27 - Top 10 India's Financial Startup 2019
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“ CzarPay has diversified its
platform, where it offers
a gamut of products
which includes provides include the
mobile loans, hassle free application
instant, salary process, no questions
plus, etc asked on usage, repayment
in easy EMIs, affordable rates
of interest and more.
The Future Looks Bright
Initially started by two techies for
the love of technology and helping
people. At present, CzarPay has
grown to have a 13+ member
lean team, who are continually
ago, the company innovating, ideating and executing.
has started its With Yazdin Mistry as Advisor,
operation in Mumbai, the company is heading in the
where it has evolved right direction. In a short span,
its system from manual the company has disbursed more
processes to completely than 5 Cr loan with less than 1
Akshay Chavan automating and creating a unique percent NPA to its customers.
CEO Currently reaching a break even
platform, CzarPay. This digital
lending platform is known to open stage, CzarPay plans to expand
time loans, and we are here to help doors to multiple possibilities, its presence PAN India in the next
couple of months.
them live a better life, without any thereby helping people to lead
hindrance improved lifestyle. Interestingly, We want to be a trade mark in short
its new and revolutionary credit term lending space, and want to
CzarPay has diversified its scoring mechanism (CzarPay help people through our plat-form,
platform, where it offers a gamut Credit Score) is powered by AI and to be able to have quick and easy
of products which includes mobile other tools, inevitably making loan access to short term loans, and
loans, instant, salary plus, travel acceptance and borrowing quicker. there should be not be any barriers
fund, investment, rent deposits, and At present, we disburse loans for them to lead a happy life.
car/bike down payment amongst within 24Hrs, but in the coming
others. days we will be giving out loans in • Founded in: 2015
A Digital Lending App for less than five minutes. More than
Working Professionals on the anything, the platform is designed • Founding Members:
Go! in such a way that it makes the Akshay Chavan
The journey of Pune based CzarPay entire experience hassle-free and • Office Locations: Mumbai,
started in 2015, in a simple setting, pleasant. Maharashtra
where the company was initially Today, CzarPay has diversified its • Company Strength: 11-50
called Kadki, a brand popularly platform, where it offers a gamut employees
known among the locals for its of products which includes mobile
short term lending. That was just loans, instant, salary plus, travel • Industry : Financial
the start! fund, investment, rent deposits, Services
As time progressed, understanding and car/bike down payment • Website: www.czarpay.
the market scenario and exploring amongst others. Additionally, few com
the opportunities, seven months of the benefits that the platform
November 2019 27
