New Delhi. Everyone knows that hard work is required to achieve success. But success is not achieved only by hard work. For this, it is also necessary to take some risk. It is a bit difficult to take the risk of leaving the job and starting a business. But those who take risks often get success. Rohit Sen and Nupur Gupta both used to work in Goldman Sachs, but both of them left their well-paid jobs to create Nira company and do something big. Let’s know their success story.
Rohit Sen is a first-generation British Indian. After earning degrees from Oxford University and the London School of Economics, he worked as a finance trader in London for 12 years, developing strong relationships in credit and risk management for companies such as Bank of America, Merrill Lynch and Goldman Sachs. Rohit has closely observed the rapid social and economic changes taking place in India and launched Nira in 2018 with his partner Nupur Gupta with the aim of giving back to society.
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Business module of the company
Launched in 2018, NIRA is a fintech company that provides small loans and business loans to Indians. The loan amount ranges from Rs 2500 to Rs 1 lakh. Borrowers can repay the loan amount in 3 to 12 months. While most fintech companies today work on their procurement policy through technology, NIRA’s target is completely on ‘India’. Their customers are those who have little experience in digital. In such a situation, NIRA helps them in times of need.
Nira aims to become a financial brand in central India. The company provides loans to customers in collaboration with Federal Bank. In October 2018, Nira raised $1 million in seed funding from the US from angel investors in India and the UK. In 2019, Nira was selected for two important programs in India. It was selected by Google for Techstart and Google Launchpad.
Raised $1 million in seed funding
Through Neera, Rohit is looking forward to harnessing the power of data and technology to redefine the way finance is provided to consumers. Today, the company offers small credit of up to Rs 1 lakh for up to 1 year through its mobile app and website, to consumers with limited access to traditional avenues of finance. Neera has recently received seed funding of $1 million. Rohit hopes that Neera is all set to expand the scale and reach of its operations with India.
Rohit has a deep understanding of the financial services and fintech sector, particularly credit risk and consumer credit, which includes services such as loans, credit cards and auto finance. Rohit will be happy to share these insights with you, with a special focus on how he sees the sector growing and evolving in India in the coming years and how Nira plans to be a part of that journey.
Tags: Loans, Success Story
FIRST PUBLISHED : August 27, 2020, 05:50 IST