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How to Lend Money to Strangers

A modern, digital loan for India with Kabeer Chaudhary (ClickMyLoan)

How to Lend Money to Strangers

Brendan le Grange

Credit, Fintech, Management, Lending, Banking, Business, Careers

52.6K Ratings

🗓️ 27 June 2024

⏱️ 20 minutes

🧾️ Download transcript

Summary

"So as I as I always say, Brendan, India is now the coolest party in town and if you are late, you might not get in!"


The story of Indian fintech is one of almost unimaginable speed and scale, and watching it from the front lines was Kabeer Chaudhary. So I sat down with him to talk about digitising loans and learning from banks and fintechs to deliver a project that works with loss rates that allow you to sleep peacefully at night.



You can find ClickMyLoan at https://clickmyloan.com/ or on LinkedIn at https://www.linkedin.com/company/clickmyloan/



You can find Kabeer at https://www.linkedin.com/in/kabeer-chaudhary-18bb7984/



Please seek me out on LinkedIn, too, where I'm open to all genuine new connections - https://www.linkedin.com/in/brendanlegrange - please also follow the show's page while you're there.



Meanwhile, my action-adventure novels are on Amazon, some versions even for free, and my work with ConfirmU and our gamified psychometric scores is discussed at https://confirmu.com/ and on episode 24 of this show https://www.howtolendmoneytostrangers.show/episodes/episode-24



And finally, I'm also co-creating a new podcast called hAIghtened senses which will look at the intersection between human senses and technology, especially AI-powered technology. You can already start to follow it wherever you're listening to this one - there's only a trailer there at the moment, but we've recorded some of the early episodes and it's going to be a fun ride!



Keep well, Brendan



Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

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0:04.8

whatever they might be.

0:06.4

So whether you need cars by the hour for your sales team, vans by the week, month or year

0:11.3

to get your product shipped, or a fleet of courtesy vehicles for

0:16.5

whenever your customers need them, Enterprise have got you covered.

0:20.6

And with more branches in more locations around the world, we're everywhere you need us to be.

0:26.0

Find what you need at enterprise.co.uk.

0:30.0

UK. Like my loan is created in six months with the help of the efforts that we gave in last 10 years.

0:38.0

And if I tell you, working for banks and FinTech made us and be dexterous. We are not aiming to become the

0:46.0

unicorn, we are aiming for the billion dollar revenue company.

0:49.7

India is a market I hadn't worked in a lot until my current role but one that

0:58.8

had always fascinated me just the rate of growth alone is enough to grab your attention, but I wanted to learn a little bit more.

1:07.1

So I'm speaking to Kabir Chaudhry, who has been on the ground at the forefront of the modernization and digitization of personal lending there. Kibir Chaudhry, founder and CEO at Click My Loan, welcome to the show.

1:35.6

Hey Brandon, how are you?

1:37.2

Thanks a lot for having me on the show.

1:38.9

Kibir, you've been a founder in the Indian FinTech space for over a decade now and that decade has been a pretty exciting one for the market.

1:49.0

So I'd like to take advantage of that long experience you've got. Would you mind giving me a quick

1:55.8

lesson on what the Indian FinTech landscape looks like and how it's changed since 2012 when you got involved as a founder for the

2:05.8

first time and maybe along the way you can also explain what you were doing to help

2:10.0

shape that growth we're talking about. So Brandon, the changes in last 10 years were monumental,

2:16.0

and they have shaped Indian FinTech very well.

2:19.0

So India is now home to 17 FinTech Unicorm, which is third highest in the world. First is US,

...

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