Interview of Shailesh Jacob, CEO & Founder with BW Disrupt

 

In an interaction with Sujata Sangwan of BW Disrupt, Shailesh Jacob, CEO & Founder, Loan Frame, shared his startup’s journey including idea generation, description, traction details and future goals. Loan Frame is a silicon-valley style Fintech company focused on small and medium enterprise (SME) lending in the Indian subcontinent by building India’s largest technology enabled SME lending marketplace. Loan Frame is providing a technology solution to one of India’s long standing economic problems: availability of credit to Indian SME’s.

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What sets Loan Frame apart in the $300B Indian SME lending market | YourStory

While the success of India’s demonetisation is being debated across both commercial and political corridors of power, there hasn’t been a better time for financial firms in the lending market. The surplus liquidity of cash in bank coffers has caused even banks to announce rate cuts on the loans provided.

And the signs could be seen before November 8. Just last year, Indian startups in the lending segment saw a massive draw of $343 million in investments, almost three times the $124 million that was seen in 2015. This includes a mixture of pure-play transaction platforms like LendingKart as well as NBFCs (Non-Banking Financial Companies) like IFMR Capital.

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Access to Finance: The Biggest Hurdle for SME Growth | Entrepreneur

 

Finance is quite rightly called the ‘Lifeblood of Business’. Short-term or long-term; managing working capital or capital finance; completing an order or strategic business expansion…. nothing works without business finance. When this criticality is seen alongside the poor state of SME financing, it is no surprise that the SME economic growth engine is often found sputtering.

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Digital lending marketplace can help SMEs to get easier and cheaper loan | SME Times

 

Two of India’s biggest economic problems faced by small and medium enterprises (SMEs) – one poor credit availability and second high cost of credit, can be solved through technology enabled SME lending marketplace, believes Shailesh Jacob the Founder and Chief Executive Officer (CEO) of Loan Frame.

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Demonetisation: Uncertainty means MSMEs funding scenario hugely negative | Economic Times

 

Traditional lenders are pulling back in the short term as they wait to see the impact of de-monetization on their current portfolio and grapple with uncertainties in SME business performance and collateral prices. In the medium- and long-term, capital availability and lending will increase significantly as lenders get better visibility on business performance and more business transactions are recorded digitally.

– Shailesh Jacob

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Loan Frame raises Rs 15 crore in seed round | Economic Times

 

Small and medium enterprise-focused online lending platform Loan Frame Technologies has raised a seed round of $2.25 million (about Rs 15 crore), the latest venture-backed transaction in the country’s web-based lending space.

The investors in the round include Parag Saxena, co-founder of Vedanta Capital, William Campbell, former chairman of Visa International and Toos Daruvala, co-chief executive of MIO Partners, an internal investment arm of global consultancy McKinsey and Co. Saxena is also the founding general partner of private equity firm New Silk Route.

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