“Reimagine Fintech” is the result of joint efforts of many passionate individuals who are keenly interested in solving for India. Our endeavour is to build a truly world class enterprise which is able to address some of the core problems faced by small businesses (micro enterprises) across the country and helps our society achieve the goals of sustainable financial inclusion faster. We, as a team, bring in many decades of collective experience in designing and delivery of financial services and development of technology solutions which can be deployed at scale.

Some of the people involved in this endeavour called “Reimagine Fintech” are named below while others continue to support us from behind the scenes. Many of those passionate people not named here intend to join the Reimagine Team full time as we move forward in our journey. This gives us a very strong bench strength of highly skilled talent pool ready to join us and build at scale.

Our Products

Empowering Micro-Enterepreneurs for a Brighter Tomorrow

Loans for Growth

Working Capital Loans
Term Loans for Capex
Loan Against Property (LAP)

Enquire Now FAQ's

Supply Chain Finance

Vendor Finance
Dealer Finance
Export/Import Finance

Enquire Now FAQ's

Supply Chain Finance Process

Our Values

Our Approach

Customer First

Easily accessible, customised financial services delivered with speed and transparency.

Continuous Innovations

Continuously innovate to meet unique customer needs and increasingly become integral part of Customer’s business life cycle.

Data Science

Proprietary Decision Engine based on Big Data & machine learning tools to provide customised offerings and ensure better customer engagement.

Dynamic yet Simple Technology Platform

Easy to use, scalable, plug & play Technology Platform with in built flexibility to adapt to workflows of different partners.

Abhishek Anand

Cofounder & CEO

Abhishek has done PGP in Management (Finance & Strategy) from ISB Hyderabad and PGDRM (Rural Management) from IRMA, Gujarat. He brings in over 17 years of experience in financial services across SME & Rural Banking and Corporate Banking domains. He has worked with large private sector banks like ICICI Bank and Kotak Mahindra Bank. In his last assignment, he worked as Vice President in the Corporate Banking team at Kotak Mahindra Bank. His core area of expertise includes Business Development, Policy Design and Implementation, Risk Management & Structured Finance.

Rajat Singhal

Cofounder & ED

Rajat has done PGDRM (Rural Management) from IRMA. He brings in 17+ years of experience in financial services while working with Axis Bank and Muthoot Fincorp in leadership roles. In his last assignment, Rajat was National Sales Manager in the Bharat Banking vertical at Axis Bank. His areas of expertise include SME and Agri Credit & Risk Management, Business Development, Product & Policy Development and Portfolio Management.

Rajive Jain

Non-Executive Director

Rajive Jain is an alumnus of IIT Delhi and XLRI, Jamshedpur. After 25+ years of illustrious career in Banking & Financial services across organizations like BNP Paribas, ING Vysya & Kotak Mahindra Bank in senior leadership positions, Mr. Rajive Jain decided to pursue his passion in education. He joined hands with his friends to set up a technology based platform for upskilling and learning requirements of professionals. He is currently Director at Jigserv Digital. Mr. Jain has been a guiding force for Reimagine Team in this journey.

Nacer Adamou

CTO

Nacer is Masters in Computer Science and he is also an MBA from ISB Hyderabad. He brings in 17+ Years of experience in designing, developing and implementing technology solutions based on stellar and Hyperledger technology. Nacer has very high level of proficiency in Blockchain and Python. He has worked as CIO with large business groups and as a Fintech Blockchain consultant across geographies. He is now looking forward to start his innings as an Entrepreneur in India.

Mr. Shishir Sharma

MBA (IIM, A)

Mr. Shishir Sharma brings in 20+ years of experience in building B2C and B2B businesses across FMCG, CDIT, Mobile & Consumer Tech-Payment industries. He has worked with marquee companies such as Apple, Cadbury, Whirlpool & Hewlett Packard. Currently, he is Chief Operating Officer at a fast growing Consumer Tech - Payments organization. He has also Co-founded 2 companies in eCommerce and CSR space

Professor Shashwat Alok

Ph.D

Professor Shashwat Alok is Assistant Professor of Finance and Director – Digital Identity Research Initiative at Indian School of Business (ISB), Hyderabad. Professor Alok has keen interest in study of use of big data and data science for new age financial services. He has been leading various research initiatives on the use of alternate data and digital identity for financial inclusion. His research has been published in top finance and management journals.

Mr. Nilotpal Pathak

PGDRM (IRMA)

Mr. Nilotpal Pathak is an Impact Investment Professional with over 22 years of experience in Corporate Finance Advisory & Investment Banking. He has worked with prestigious organizations like Intellecap, Bahrain Development Bank, M-CRIL and NDDB. He is currently Partner at i-Farms and Board Member – National Skill Foundation of India (NSFI).Mr. Pathak is also Co-Author of “Financing India’s MSME” (An IFC- World Bank Report, 2018).

Mr. Gopi Krishna L.

MBA (PGP from ISB, Hyderabad & BE-Computer Science)

Mr. Gopi Krishna brings in 17+ Years of experience in Tech development. His core experience in design and development of Enterprise SaaS Applications. He worked with Microsoft for 12 years (3 years in and ~9 years in the US) developing various enterprise SaaS solutions including Office 365 Platform. He has been running his own SaaS Start-up Hyperleap post ISB.

FAQ's

Business Loan
LAP
Invoice Financing

What is a Business Loan?

A business loan known as a collateral free loan for your business. The loan is sanctioned based on credit worthiness of your business.

How is credit worthiness of my business decided?

Every Bank / NBFC uses its own criteria to decide on the creditworthiness of a business. However, the most common criteria include vintage of your business, proof of business volume and your past repayment track record apart from other things on case to case basis.

What is the eligibility Criteria for a Business Loan?

You are eligible for a Business Loan if you:

Owner(s) of the business is of age are between 25-65 years of age
Your business is a proprietorship, partnership or private limited company
Your business has a vintage of at least 2 years
You are able to submit the evidence showing your business volume over last 2 years

What is the maximum amount of loan I can get?

You can get a loan of upto Rs 10 lac depending on your credit worthiness and lender’s policy guidelines.

What is the maximum tenor for which I can get a loan?

Maximum tenor for a business loan is 24 months.

What is the rate of interest for the business loan?

Rate of interest for a business loan starts from 15% p.a.

How much time does it take to get the loan?

Usually it take 2-3 days to process and disburse a loan to your account.

How can I repay the loan?

You have to provide an Electronic debit mandate given for debiting your bank account to recover the repayment amount.

What are the repayment options?

You can choose between Monthly, fortnightly and weekly repayments options.

Can I prepay a business loan?

Yes, we encourage you to pay your loan faster.

What are the documents required for applying for a business loan?

Entire application process is digital / online. You need to fill up an online application form in ApnaBiz app and upload following documents.

KYC documents of the firm or company as listed below

PAN Card,
Shop Registration or Business Incorporation proof,
Partnership deed (only in case of partnership)
Memorandum & Articles of Association.

KYC documents of the firm or company as listed below
Aadhar and PAN Card details of Business owners
Balance sheet and Profit & Loss accounts for the last two years
Any other documentary proof to show business volumes if Balance Sheet and profit & Loss Account are not available.
Income Tax Returns for the last two years
Company’s bank statements for the last six months
GST returns for the last 6 months

What happens after I submit my loan application?

As stated above, entire loan journey is online using the Apnabiz application.

After you submit the loan application along with all necessary documents, you receive confirmation of sanction or rejection of your loan application through message or whatsapp on your registered mobile number.
In case the loan has been sanctioned, you have to accept the terms and conditions on the ApnaBiz application and provide necessary documentation for loan disbursement.
You also have to provide eNACH mandate authorizing the lender to recover the repayment amount (principal and interest) from your bank account.
Loan is disbursed to you bank account after eNACH is established.
You also receive a loan repayment schedule on the Apnabiz app after loan is disbursed.
You have to keep the bank account sufficiently funded at all times so that due repayment amount can be recovered from the account.

What can Loan against Property be used for?

Any loan against a residential or commercial property can be used for both personal and business purposes, other than speculative or non-prohibitive activities.

How does the lender decide on the amount I can get as loan against property?

Basically, the lender looks at your repayment capacity. For calculating the loan amount, your income, age, qualifications, number of dependants, spouse’s income, assets, liabilities, stability and continuity of occupation and savings history are taken into consideration. However the eligibility of loan does not, generally, exceed 60 percent of the market value of the property.

What security will I have to provide?

As the name implies you need to mortgage your property for availing this loan. Collateral security for by way of assignment of insurance policy or any such other assignable financial instruments are also required, as security to loan if deem necessary by the Bank.

Please do ensure that the title to the property is clear, marketable and free from encumbrance. To elaborate, there should not be any existing mortgage, loan or litigation which is likely to affect the title to the property adversely.

Can I repay the loan ahead of schedule?

Yes. Prepayment is possible and there is no prepayment fee if you repay the loan after six months of availing the loan if you pay from your own source of funds without transferring the loan.

What are the documents required?

To verify your ability to repay the loan, the lender will ask you to submit specific documents. The document list might vary from one lending institution to another, but generally they include:

Identity proof like your Aadhar card and PAN card. For a firm/ company applying for a loan against property, the lender might also ask for their GST registration certificate and other applicable registration documents
Address proof like electricity bills of the property, a rent agreement for any rented property, passport.
Income proof documents like:
- Salary slips for salaried individuals
- Income tax return statements for the previous two years or so
- Profit/ loss statement, balance sheet for the last two years or so
- GST returns (for self-employed businesses, companies, and firms)
Bank account statements like salary credited statement and operative bank account statements for the last 3-6 months
Property documents like the title deed
Credit score report and processing fee cheque

You might also have to submit other documents as requested by the lender to confirm your reliability to the lender.

How does invoice discounting work?

Invoice discounting involves selling outstanding invoices to a third party at a discount. Invoices can also be discounted with the buyer, wherein the debtor advances the invoice value at a discount. At the time of maturity of the invoice, the seller or seller’s bank collects the invoice value from the buyer and repays the discounting entity.

Who provides invoice discounting services?

Generally, invoices are discounted with third parties, including banks, NBFCs and other financial institutions. Invoices are also discounted by the buyer who agrees to pay the invoice amount earlier at a mutually agreed discount.

How are discount and interest rates set?

The financial institutions set the discount and interest rates as per their lending terms. The rates are based on the tenure of the advance. When invoices are discounted via an invoice discounting platform, the buyer and the vendor mutually agree upon the rates.

What is the repayment period for invoice discounting?

The tenure is the credit period that the seller agreed with the buyer as per the terms of sale. The period gets over on the last date of the credit period of the invoice or on the date of payment of invoice value, whichever is earlier.

What are the types of invoice discounting?

Invoice discounting primarily consists of two types: Recourse and non-recourse.

Recourse invoice discounting is where the discounting entity is provided security against any defaults in the discounting process. Hence, the seller is responsible in case of any default.

Non-recourse invoice discounting is where the discounting entity assumes full liability in case of default by the buyer. Hence, the buyer is fully responsible for any defaults.

What are the advantages of invoice discounting?

Invoice discounting helps fuel working capital requirements. It helps convert funds trapped in the form of receivables into usable liquid funds. Hence, businesses need not wait until the credit period ends to realise the amounts.