Sangram Singh, a former executive of Axis Bank, has been appointed as the chief executive of Indifi Technologies, a company that specialises in financing to micro, small, and medium-sized enterprises.
In addition to overseeing critical operations including product, distribution, lending relationships, treasury, risk, and technology, Singh, a former chief executive of Axis Bank subsidiary and digital payments startup Freecharge, would be in charge of scaling up Indifi’s core platform.
Read also – TalentSprint and IIM Lucknow Partners to Launch Executive General Management Program
“At Indifi, we continue to see a compelling opportunity to continue serving MSMEs. We are happy to bring someone with the experience of Sangram, who has already been part of several cycles of scale. He will now be looking to scale up the Indifi platform,” said Mittal in an interaction with ET.
The managing director and co-founder of Indifi, Alok Mittal, will be his supervisor. As the platform begins to concentrate on financing for supply chains and secured financing products as its next frontier of expansion, Mittal will attempt to develop new business lines with Singh’s being selected.
Read also – [Funding alert] Ayurveda B2C Startup Nat Habit Secures $10 Mn led by Bertelsmann
By presenting the pertinent applications to several lenders, Indifi gives borrowers more options and raises the likelihood that they will be approved for a loan.
Indifi, a Gurgaon-based company that was founded in 2015, offers line of credit and short-term financial assistance to small enterprises for debt financing. It disburses approximately Rs 2,500 crore annually.
Read also – [Funding alert] D2C Hair Brand HairOriginals Secures $2.75 Mn pre-Series A Funding
About Indifi
With the help of a digital platform called Indifi, businesses can evaluate their creditworthiness and the past and present performance of their sector by gathering, analysing, and interpreting data from several sources. This unique approach makes it easier to identify companies with low risk and great potential, creating opportunities for those who previously couldn’t get short- or long-term business capital.
Read also – The Circle FC Wraps up K-Startup Centre India’s Second Cohort
