When Mayank Kachhwaha initially dabbled with India's credit market as a wannabe entrepreneur (back from a six year stint at Capital One), he was keen to explore peer-2-peer lending. Thus started IndiaLends in March 2015. But soon the realization dawned upon them that India doesn't really have a credit supply problem. Rather, it is the structural issues in the customer cycle itself which need fixing. Be it the high cost of origination or the technological capabilities to adequately price risk. With that as its core mandate, IndiaLends has metamorphosed to become one of the country's rising digital lending platforms.
In this super interesting chat, Mayank shares an in-depth view of the lending space at-large, especially in light of recent concerns around its stressed dynamic.
He deconstructs the underlying value sitting in various customer segments, stresses the importance of risk management, and throws light on how data can indeed play a powerful and precise role, if correctly leveraged.
He also shared his rather optimistic take on the quality of stakeholder engagement within the Indian Fintech space, be it within industry or with the regulator.
S3 Ep39: Gap, Consumption, Credit