We spoke with Bibhu Prasad Das, CEO & Co-founder of Propelld, a Series B funded Bengaluru based fintech specializing in providing personalised education loans to students and families in Tier 2/3 cities.
Propelld bases their lending decisions on selected course’s end-use, deep borrower underwriting, and by taking a partner-led model. Backed by marquee investors such as Westbridge Capital, Stellaris, and India Quotient, the company was founded with the mission to make education financing more accessible and affordable for Indian students.
Propelld leverages technology and ventures deep into its target segment (i.e. supplementary/out of school education and higher education) by collecting alternate data points to determine a student's forward looking capabilities and motivations.
Listen in to this fascinating chat where we touch upon inherent underwriting challenges within education lending, how Propelld has tackled them to unlock the potential of this market as a large-TAM-low loss segment, and the perspective needed by institutional investors looking to take exposure in this space.
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The objective is to bring out an "actionable" perspective converging the world of business and investing.
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Democratizing Education Finance with Bibhu Prasad Das of Propelld