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Jai Kisan (www.jai-kisan.com) is a fintech platform catering to rural emerging markets, providing risk adjusted return to lenders and a low cost of capital for the borrower through subvention, securitisation, an asset light model to lower distribution costs to create technologically enabled channel partner outlets with existing rural stakeholders brands and next generation credit assessment.
Our mission at Jai Kisan is to bring the cost of capital for the borrower down to the cheapest rate possible in the private market. At Jai Kisan, we believe in providing technology incentives to provide each stakeholder a superior value proposition to create significant social and economic impact for the rural emerging markets farmer.
Jai Kisan is providing a credit score to evaluate farmers from 200+ parameters to assess the risk of lending to the farmer, innovative financial solutions to bring the cost of financing to the farmer down to 12-14% compared with 18-28% from traditional lenders, and an web/android solution to source and manage loans for financial institutions.
Jai Kisan has been selected for highly competitive financial inclusion accelerator/programs supported by organizations such as J.P. Morgan, Bill and Melinda Gates Foundation, Blackrock, Village Capital, Indian Institute of Management, and Indian School of Business. Jai Kisan has been recognized globally as a selected exhibitor at RISE Hong Kong and the Singapore Fintech Festival, two of the largest technology conferences in Asia. Jai Kisan is recognized by the Government of Maharashtra as a winner of the Maharashtra Start Up Week 2019.
In March 2019, Jai Kisan closed its seed round of $1.5M from Blume Ventures, Prophetic Ventures, Better Capital, Astarc Ventures, and other strategic HNIs.
Jai Kisan recently won the ADB Ventures Challenge at Future Food Asian in Singapore and Visa’s Inclusive Fintech 50, showcasing global recognition for a unique solution to drive financial inclusion in rural emerging markets.
About India FinTech Forum (www.indiafintech.com):
The India FinTech Forum aims to position the fintech community in India as a global leader in innovation and entrepreneurship.
The India FinTech Forum is a non-profit initiative that offers a platform for fintech companies to collaborate and voice their opinions on the relevant policy issues. More than 300 fintech companies and over 1000 individuals who are members of this forum, are dedicated to enhancing the ecosystem to ensure that India leads the global fintech innovation wave. Indian fintech firms have unique opportunities with the India Stack (Aadhar, UPI, etc.), which are not available anywhere else in the world.
The India FinTech Forum organises meet-ups in several locations and seeks to drive policies that accelerate the growth of fintech in India. We also organise the India FinTech Awards, which recognises the best and most innovative fintech firms.