Credit Fair is a pioneering Indian consumer-lending fintech start-up, established in 2018 by Mr. Aditya Damani and backed by the esteemed K.M. Global Group, a financial services provider with over three decades of experience. The company has been granted NBFC registration by the Reserve Bank of India and is dedicated to cultivating a financially inclusive world for all Indians.
By harnessing state-of-the-art technology, Credit Fair is developing a robust lending platform that caters to various sectors, including education, healthcare, home improvement, and electric vehicles, offering tailor-made instalment loans. The company’s fundamental objective is to furnish appropriate credit, at reasonable costs and precisely when needed, to enable Indians to fulfil their aspirations.
Mr. Aditya Damani, the founder of Credit Fair in 2018, is a visionary leader who is passionate about driving financial inclusion and generating substantial improvements for underserved Indians. With an MBA degree from the prestigious London Business School, he brings a wealth of experience from his time at Oakam in London, advising private equity funds on setting up lending businesses in India, and managing debt assets worth over $4 billion at PIMCO USA. His exceptional blend of expertise in mobile, B2B sales, and institutional lending has been instrumental in running and scaling Credit Fair’s success.
Mr. Vikas Agarwal assumed the position of leading Credit Fair’s Supply of Capital, Lending Partnerships, and Business Development teams in May 2022. A seasoned business leader with over a decade of experience in the financial services industry, he began his career at EY as an Executive after completing his Chartered Accountant qualification from ICAI.
However, his entrepreneurial spirit drove him to launch his flagship venture, Shree Krishna Corporate Advisors LLP, in 2010, where he provided debt-raising advice to more than 300 SMEs, amounting to over Rs. 500 Crores. In 2019, he founded SSA Finserv, an SME-focused NBFC, and served as its MD & CEO.
In a recent discussion with Renewable India, Credit Fair’s founder, Mr. Aditya Damani, and Co-founder & CBO, Mr. Vikas Agarwal, highlighted the company’s journey since its inception in 2018. Mr. Damani shared that the company’s primary motivation was to help Indian citizens improve their finances and climb the ladder of financial stability.
He also emphasised the company’s future prospects, which includes facilitating 15 crores of credit in the next 5 years and helping retail investors accumulate over 1 billion dollars of savings sustainably. Mr. Damani also talked about the company’s focus on creating a positive impact on both financial aspects of the consumers as well as the environment and how the organisation is committed to providing green finances, whether it is solar or electric power.
Mr. Vikas Agarwal elaborated on why the company started with sustainable finance and provided in-depth insights into solar rooftop financing solutions. He highlighted the company’s goal of electrifying more than 30,000 rooftops in the next two years, onboarding new merchants, collaborating with Tata Solar, and running everything successfully digitally.
Credit Fair is committed to providing sustainable financing to residential, commercial, MSME, and household sectors while also taking care of the environment. With their focus on sustainable financing and creating wealth opportunities, Credit Fair is poised to become a game-changer in the Indian financial services sector.
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