CASHKUMAR
It's not what we are underneath. It's what we do that defines us!
We are a team of 3 co-founders, alumni of IIMs and IIITs, who set out with the vision of addressing some everyday problems and explore opportunities to simplify. While we have taken initial steps towards achieving our goal, we know that we still have a long and exciting journey ahead. A brief timeline of our journey is shared below
Cashkumar Team
Cashkumar was conceptualised back in March 2014 to address the pain point of international travellers to get the best exchange rate. Customers like you could buy or sell currency on Cashkumar via our set of partners who would bid their best offer for your request. This happens real-time which ensures that you get the best rate always.
The Cashkumar team got an opportunity to be a part of the Startup Chile program, a Chilean Government initiative which helps promote entrepreneurship in the country. Start-ups are chosen across the globe and Cashkumar was one of the few start-ups from India. This is where the idea was completely thought through with the help of some mentorship from the team at Startup Chile.
This is when Cashkumar went live with multiple partners on the platform. We started with just a deal or two on a daily basis and quickly we started clocking a 300% growth MoM. Today we cater to forex requirements across 3 cities in India and a base of over 3250 customers. We quickly added travel insurance to cater to the growing requirement for international travel products.
We were selected to be a part of Kyron – an exciting accelerator for start-ups based out of Bangalore. We had an amazing 6 months stint out there which came along with some great learnings.
Hola! We were one of the 20 companies from India to be a part of the Google Launchpad event which was the 1st of its kind in India. This was a week long workshop with some of the stalwarts in the industry and it helped us shape Cashkumar to its current stage.
Cashkumar version 2.0 is now live catering to a larger range of financial services with the addition of loans from Banks and NBFCs. An extremely easy to use & intuitive interface has helped us get a lot of visibility and traction in quick time. Exciting times ahead and watch out for more.
We have tie-ups with all the major banks and NBFCs which provide unsecured loans and also take quick strides to reach the top of many search results on Google for Personal Loans (organic SEO) - a big achievement in this category
Within one year of the launch of Cashkumar 2.0, we have already facilitated the disbursal of loans worth 12 crores and growing at a phenomenal rate. Some partnerships have worked better than others while others were politely ended
We are shortlisted as one of the 10 startups in India for UKTI Programme, a joint collaboration between the Indian and UK Governments.
The next and most important step in our progression and the direction we want to move in as a company. We do a soft launch for Peer to Peer Lending in the Short Term Loans category by disbursing a first set of loans. Our SEO kicks in zooming Cashkumar to the top of search results.
Started disbursing Short term P2P Loans and being recognized as a people friendly player with a MoM Growth of 25%. Also our repeat customer base keeps increasing
RBI releases master guidelines for Peer to Peer Lending in India on October 4th 2017, removing all apprehensions surrounding the business