CASHe CELEBRATES 1 YEAR SUCCESS OF COMPLETION OF INDIA'S FASTEST GROWING LOAN GIVING APP

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by Shrutee K/DNS
In April 2016, The Social Loan Company (TSLC) PTE LTD., launched its innovative technology-driven lending platform for the young, urban professionals on Google Play. The fintech company, through its technology platform, CASHe, provides its users a personalized experience to avail personal loans anytime, anywhere, within minutes. Since its launch, CASHe has been the real game changer when it comes to providing personal finance for the targeted millennial customers. CASHe has seen a fantastic response to its loan products with a month-on-month 45% growth in customer base and 60% growth in disbursal value in the past few months. The current loan disbursements now stand at 1 crore per day and it has achieved a significant milestone of processing over 450 loan applications on a daily average. From disbursing loans worth Rs 32 lacs in April 2016, CASHe now has disbursed loans worth Rs 20 crore in the month of March 2017 – all this within a year of setting up its operations.
Significant milestones achieved since launch of operations:
Active customer base of over 10,000 and growing
Enjoys a repeat business of over 75% from loyal customers
Currently disbursing loans worth Rs one crore per day.
Launched with the 15-day loan product. Later introduced 30 and 90-day loan products in the month of November 2016
Over 1,25,000 app downloads on Google play. 
Over 2,000 app downloads on app store. IPhone app launched in December 2016
Integrated Paytm wallet for cash transfers in the month of January
Inked partnership deal with Andromeda for marketing CASHe in the month of January.
Was enlisted on Rubique, another leading financial product distribution platform in march 2017
CASHe offers loans based on a combination of Big Data Analytics and proprietary Artificial Intelligence based algorithm which enables loan disbursal within 8 minutes.
The loans range from Rs 5,000 – Rs 1 Lakh with a tenure between 15 – 90 days
An initiative established by a visionary founder Raman Kumar whose last venture was valued at over a billion dollars, CASHe is brought to you by a team known as much for its expertise and experience in technology, banking, AI and big data analytics as it is for its past entrepreneurial success. CASHe is currently available on Android and iOS platforms. 
Click here to know more on CASHe. Download app from Google Play and iOS app store


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