Loan Frame named in India’s top funded startups for 2017 | Economic Times

The startup world may never ride the high waves of 2015 but 2017 proved that big ticket funding is not a thing of the past. After a year of drought in 2016, the stars of the Indian startup ecosystem came back to prove they still possess the confidence of the investors.

However, the downtrend of 2016 did result in substantial cutback on their valuations. While Flipkart ended its drought with $1.4 billion from Tencent, Microsoft, eBay, and Naspers in April this year at a reduced valuation of $11.6 billion (from $15 billion), Ola raised $404 million from Falcon Capital and Softbank Group a few days later at a reduced valuation of $3 billion (from $4.5 billion).

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Struggling to raise money? AI-powered bank loans from Loan Frame can help | Economic Times

Rising non-performing assets (NPAs), overleveraged large companies and the general unwillingness of banks to lend money has meant small businesses are now finding it next to impossible to raise money. As loan portfolios sour, banks do not want to take the risk of lending to an SME.

Coupled with that is the fact that a large number of small businesses have no access to formal sources of finance, are under banked or have little or no credit history. For these businesses, there is no chance of getting a bank loan. It is with this understanding that a troika of entrepreneurs banded together to start Loan Frame.

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What Are The Eligibility Challenges Associated With Business Loans In India? | StartupBuzz

Whenever an SME (Small And Medium-Sized Enterprises) business wants to get business loans, it can get very frustrating because most of the qualities required to get the loan are structured with big businesses in mind. This is understandable because financial institutions would like to plug into developing companies but they do not want to bear a large proportion of the risk that comes with this move. It is, therefore, a common trend that SME businesses in India have limited options when it comes to capital financing. However, this is not only particular to India as developing countries also face these impediments.

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Fintech vs. Banking: Career Choices | DATAQUEST

 

Fintech firms have been generating a lot of interest among investors and borrowers. One aspect that perhaps has not received due attention is that of career prospects, especially relative to banking.

Fintech, as the term suggests, is a combination of technology and finance. This combination serves three purposes: a) it reduces cost of providing a service; and b) it widens the reach of the said service and c) provides a better customer experience. The primary categories of professionals a Fintech firm would attract are Information Technology, Risk, Finance, and due to high growth rates and customer orientation, Sales. There are compelling reasons for candidates from these fields to choose Fintech over Banks or NBFCs. Let us look at a few of these.

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LoanFrame offers entire portfolio of SME loan products: Shailesh Jacob | SME Times

In an exclusive interview with SME Times, Shailesh Jacob, Founder & CEO of LoanFrame.com,  a fintech company that provides a comprehensive range of financing solutions to small and medium scale enterprises,  gives a thorough picture of the SME financing situation in the country.

He adds that India, compared to its global peers, has the most neglected SME sector, which is reeling under some major challenges such as lack of funds and higher interest rates, over-reliance of banks on large corporates as a customer base and demand of collateral by the financial institutions.

                                                                                                         Excerpts from the interview…

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5 Most Significant Benefits of GST for SMEs | TaxGuru

With all Central legislation in place and only State level ratification pending, the stage is set for GST implementation. The 1 July 2017 target also seems realistic given that the major hurdles have been crossed.

GST will throw up many opportunities and challenges, and SMEs will be impacted to a greater extent. Under current laws small manufacturers with turnover below Rs. 1.5 crores p.a. are exempt from duties under the SSI (Small Scale Industries) provision. The corresponding exemption threshold under GST is Rs 20 lacs. Moreover, certain categories of businesses will compulsorily have to register under GST irrespective of turnover levels. This means many businesses that hitherto did not have to worry about indirect tax compliance will have to rework their way of doing business. Since GST’s primary objective is to help consolidate and streamline the elaborate (and confusing) process of indirect taxation and make it easier to administer, it is only logical that a wider tax net will and should result.

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India has everything to establish itself as a global FinTech hub: Loan Frame | DATAQUEST

 

In an interaction with Dataquest, Loan Frame Founder and CEO, Shailesh Jacob talks about the company’s idea, technology SMEs and loan algorithm. Jacob divulges the current scenario of finance in the industry and what Loan Frame looks for in a skilled candidate.

Kindly put some light on Loan Frame and the idea behind it.

Loan Frame is a leading fintech company that is committed to solving the financing problem for millions of small and medium enterprises (SME) in India. Its vision is to be the country’s largest and most preferred technology enabled SME lending marketplace.

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Loan Frame Is Service Provider App To Get Loan For SMEs | MoneyBhaskar

 

बिजनेस के लिए लेना है लोन तो मोबाइल ऐप डाउनलोड कर करें अप्‍लाई.

करोल बाग में छोले-भटूरे बेचने वाले कारोबारियों को लोन चाहिए था, लेकिन बैंकों ने उन्‍हें लोन नहीं दिया। बेटे ने गूगल सर्च करके लोनफ्रेम मोबाइल ऐप डाउनलोड किया और ऐप में ही ऑनलाइन फॉर्म भर दिया और 7 से 10 दिन में उन्‍हें 66 लाख का लोन मिल गया। लोनफ्रेम ऐसी मोबाइल ऐप है, जो कारोबारियों को लोन दिलाने में मोबाइल एग्रीगेटर की भूमिका निभा रही है। लोनफ्रेम कंपनी की शुरुआत अगस्‍त 2015 में सिंगापुर से हुई और मार्च 2016 में कंपनी ने भारत में शुरुआत की और अब एक महीने में 700 से 1000 करोड़ रुपए के लोन के लिए एप्‍लीकेशन कंपनी को मिल रही है। रोजाना 100 से 150 लोग लोनफ्रेम ऐप को डाउनलोड कर रहे हैं। ऐप को लेकर छोटे कारोबारियों में अधिक क्रेज हैं। लोनफ्रेम के को-फाउंडर ऋषि आर्य ने moneybhaskar ने बातचीत की। पेश है बातचीत के मुख्‍य अंश –

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Loan Frame Redefining SME Financing: Founder-CEO Shailesh Jacob | ICTflash


Loan Frame is a 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. Its Founder and Chief Executive Officer (CEO) Shailesh Jacob talks about the prevailing lending scenario and what his company is offering…

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