How This Fintech Startup is Using Machine Learning to Mitigate Lending Risk

NPA is one of the largest issues in the lending sector in India, which is why the traditional lenders including the banks and NBFCs are more or less apprehensive to serve the salaried class. With over a decade of work experience in investment banking and private equity, Tushar Aggarwal moved back to India from the US to join as the Everstone Capital. Along with spearheading the firm's retail and financial services portfolio, he was also on the board of two NBFCs where Aggarwal realised the gap in how these companies where underwriting risks as against lenders should approach it. This prompted him to start StashFin. The company has RBI's NBFC license and it focuses on extending personal loans to salaried individuals.