Company type | Private |
---|---|
Industry | Online marketplace, Financial products |
Founded | 2014 |
Key people |
|
Products | Loans, credit cards, free credit report |
Parent | PB Fintech Limited (formerly known as EtechAces Marketing and Consulting) |
Paisabazaar is an Indian digital loan and credit card platform. [1] It is a part of PB Fintech (formerly EtechAces Marketing and Consulting). [2] [3] In 2020, Paisabazaar was India's largest digital consumer credit marketplace, with a 51.4% market share in terms of disbursals. [4] [5]
Paisabazaar, co-founded by Yashish Dahiya, [6] [7] Alok Bansal, and Naveen Kukreja in Gurugram, Haryana in 2014, [8] [9] is owned by PB Fintech, the parent company of the insurance technology platform Policybazaar. In July 2018, the platform achieved an annualized loan disbursal rate of $1 billion. [10] [11] By October 2022, Paisabazaar had recorded over 30 million visitors. [12] In March 2022, Paisabazaar became a member of the FACE Consortium, a collaborative platform of online consumer credit providers such as Orange Retail Finance and Phocket. [13] [14]
In January 2018, Paisabazaar's parent company PB Fintech (formerly EtechAces Marketing and Consulting) committed to funding $31.58 Mn (INR 200 Cr) as part of the $78.9 Mn (INR 500 Cr) pre- IPO funds the parent firm received in October 2017 from True North and IDG Venture Partners. [15] [16]
On November 15, 2021, Paisabazaar's parent company PB Fintech was listed on Indian Stock Exchanges. [17]
In early March 2022, customers of Paisabazaar received an email claiming that their account for mutual fund services would be terminated on 25th March. Nevertheless, on 16th March, Paisabazaar released a statement asserting that reports of the platform shutting down its mutual fund operations were unfounded. [18] [19]
In 2020, Paisabazaar laid off more than 1,500 employees to cut down costs owing to the impact of COVID-19. [20] [21]
Company type | Private |
---|---|
Industry | Online marketplace, Financial products |
Founded | 2014 |
Key people |
|
Products | Loans, credit cards, free credit report |
Parent | PB Fintech Limited (formerly known as EtechAces Marketing and Consulting) |
Paisabazaar is an Indian digital loan and credit card platform. [1] It is a part of PB Fintech (formerly EtechAces Marketing and Consulting). [2] [3] In 2020, Paisabazaar was India's largest digital consumer credit marketplace, with a 51.4% market share in terms of disbursals. [4] [5]
Paisabazaar, co-founded by Yashish Dahiya, [6] [7] Alok Bansal, and Naveen Kukreja in Gurugram, Haryana in 2014, [8] [9] is owned by PB Fintech, the parent company of the insurance technology platform Policybazaar. In July 2018, the platform achieved an annualized loan disbursal rate of $1 billion. [10] [11] By October 2022, Paisabazaar had recorded over 30 million visitors. [12] In March 2022, Paisabazaar became a member of the FACE Consortium, a collaborative platform of online consumer credit providers such as Orange Retail Finance and Phocket. [13] [14]
In January 2018, Paisabazaar's parent company PB Fintech (formerly EtechAces Marketing and Consulting) committed to funding $31.58 Mn (INR 200 Cr) as part of the $78.9 Mn (INR 500 Cr) pre- IPO funds the parent firm received in October 2017 from True North and IDG Venture Partners. [15] [16]
On November 15, 2021, Paisabazaar's parent company PB Fintech was listed on Indian Stock Exchanges. [17]
In early March 2022, customers of Paisabazaar received an email claiming that their account for mutual fund services would be terminated on 25th March. Nevertheless, on 16th March, Paisabazaar released a statement asserting that reports of the platform shutting down its mutual fund operations were unfounded. [18] [19]
In 2020, Paisabazaar laid off more than 1,500 employees to cut down costs owing to the impact of COVID-19. [20] [21]