Mohammed Riaz

CEO & Md @Xtracap Fintech India Pvt Ltd

Gurugram, IN

Xtracap Fin-tech is a transformational business model which is designed to accelerate local GDP by moving small businesses in small town from unorganized to organized environment by enabling access to on demand liquidity and habit forming technology applications.This business model provides access to short term affordable capital, as a foot in the door of small businesses. The product delivery is designed to ensure proper loan utilization for the purpose of business, thus, the selected borrowers are extended credit limits and short term loans are disbursed to the suppliers against bills submitted by the borrower. The business model allows deeper level engagement with the small business owners, once sufficient data is collected for the different invoices financed and repayment experience. The small business over time will understand the power of technology and will be willing to use simple habit forming application for higher efficiency.