The 10 Most Trusted Non-Banking Financial Companies to Watch in 2019_compressed
Insights Success introduces "The 10 Most Trusted Non-Banking Financial Companies to Watch in 2019", in order to assist the business to choose the right companies.
Insights Success introduces "The 10 Most Trusted Non-Banking Financial Companies to Watch in 2019", in order to assist the business to choose the right companies.
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and the large economic base be<strong>in</strong>g<br />
served by them, start gallop<strong>in</strong>g<br />
forward fast aga<strong>in</strong>.<br />
<strong>The</strong> Way <strong>to</strong> Achieve Kudos!<br />
Kudos F<strong>in</strong>ance is a profitable<br />
venture that is backed by multiple<br />
bank<strong>in</strong>g <strong>in</strong>stitutions. <strong>The</strong><br />
understand<strong>in</strong>g of a specific cus<strong>to</strong>mer<br />
niche allows it <strong>to</strong> tailor an<br />
experience that is appropriate for the<br />
cus<strong>to</strong>mer. <strong>The</strong> company’s<br />
understand<strong>in</strong>g of cus<strong>to</strong>mer’s<br />
marg<strong>in</strong>s, bus<strong>in</strong>ess cycles, experience<br />
allows it <strong>to</strong> cater <strong>to</strong> them with speed<br />
and accuracy thereby solv<strong>in</strong>g the<br />
problem of go<strong>in</strong>g <strong>to</strong> multiple places<br />
<strong>to</strong> get a loan and giv<strong>in</strong>g a great<br />
cus<strong>to</strong>mer experience. Believ<strong>in</strong>g that<br />
no-one size fits all, it has curated<br />
specific solutions by divid<strong>in</strong>g the<br />
self-employed <strong>in</strong><strong>to</strong> 3 categories<br />
MSME- Mom and pop shops all<br />
under 1Cr <strong>in</strong> turnover eg. retailers,<br />
traders, general s<strong>to</strong>res ticket size 3-5<br />
lacs<br />
Professional Loans- Doc<strong>to</strong>rs, CA'S,<br />
Architects ticket size 7-<strong>10</strong>lacs<br />
Partnerships- Us<strong>in</strong>g various<br />
platforms plugg<strong>in</strong>g <strong>in</strong><strong>to</strong> distribution<br />
networks for a specific niche market<br />
eg. Education fees, Doc<strong>to</strong>r hardware<br />
purchase,Uber drivers etc Ticket size<br />
5k-80k<br />
An <strong>in</strong>-house tech team has built<br />
capabilities <strong>to</strong> enable contactless<br />
disbursement, authentication and<br />
collection. Its differentiated<br />
approach uses data m<strong>in</strong><strong>in</strong>g <strong>to</strong><br />
K-STAMP cus<strong>to</strong>mers, which is a<br />
pre-approved methodology <strong>to</strong><br />
acquire cus<strong>to</strong>mers. Through<br />
K-STAMP strategy Kudos achieves:<br />
• Super experience for the cus<strong>to</strong>mer<br />
as the loan is disbursed with<strong>in</strong> 48<br />
hours<br />
• Higher conversion for the sales<br />
team<br />
• Avoid<strong>in</strong>g highly leveraged<br />
cus<strong>to</strong>mers that come through DSA<br />
channels<br />
• Lower process<strong>in</strong>g cost a team is<br />
work<strong>in</strong>g only on files with a very<br />
high probability of approval,<br />
lead<strong>in</strong>g <strong>to</strong> higher profitability.<br />
Gett<strong>in</strong>g Future Ready<br />
Be<strong>in</strong>g a part of cus<strong>to</strong>mers’ growth<br />
and support<strong>in</strong>g them through each<br />
life cycle of their bus<strong>in</strong>ess gives<br />
team Kudos immense joy and pride<br />
<strong>in</strong> positively impact<strong>in</strong>g peoples<br />
lives. Pavitra says, “I envision a<br />
company of scale that caters and<br />
reaches a million lives. <strong>The</strong> aim is <strong>to</strong><br />
execute with speed and accuracy<br />
with operations across India and<br />
creat<strong>in</strong>g a <strong>10</strong>00cr book company.”<br />
Our country is<br />
grow<strong>in</strong>g and<br />
we are<br />
play<strong>in</strong>g a<br />
small part <strong>in</strong> its<br />
growth by<br />
empower<strong>in</strong>g<br />
‘’peoples lives<br />
|August <strong>2019</strong> 31