ZipLoan unzips your chance of getting loans instantly

Every small business is unique and the limited parameters used by traditional lending institutions cannot capture the peculiarities of such businesses. To address this, ZipLoan has developed a proprietary scorecard to underwrite Small Businesses requirement. ZipLoan is a technology enabled on-line lending platform established to provide Small Business Loans.

ZipLoan has been co-founded by Kshitij Puri (ex Pragati Fund, ICICI Bank) and Shalabh Singhal (ex-cofounder digital marketing and analytics startup, ex-Goldman Sachs, CFA, IIT BHU) in 2015. The ZipLoan Team has developed an Automated Credit Engine to generate a unique credit score “ZipScore” for each loan applicant. The Credit Engine captures data from qualified databases (thousand odd data points) in real time and utilizes the same for a 50 variable scoring mechanism. Using Machine Learning and Data Science Algorithms Credit Engine would be continually improved in its precision to predict Creditworthiness. The Credit Engine has been tested in the real world to originate multiple loans with no delinquencies (6-month vintage) so far. The platform has been developed by a team with background in Credit, Technology, Analytics and Finance. The team is mentored by Sarbvir Singh (ex MD Capital18) who is also an Angel investor in the company.

ZipLoan was co-founded by Shalabh Singhal and Kshitij Puri in 2015. The startup offers loans of INR 1 lakh to INR 3 lakh over a period of 6-24 months. The startup has developed a proprietary automated credit engine that has reduced credit assessment period at ZipLoan to few minutes compared with up to a week’s time in a traditional financial institution. Prior to founding ZipLoan, Puri was heading the investments team at an SME focused private equity fund Pragati Fund. He previously worked with ICICI Bank, Bank of America, and CarVal Investors. Singhal, an IIT graduate who earlier worked with Goldman Sachs, had also co-founded a CRM (customer relationship management) product and digital marketing startup Credence

The company said it targets a segment, which hitherto has found difficult to get credit from other financial institutions, given the granular peculiarities of several small business verticals and poor cost benefit trade-off with respect to sourcing and underwriting small loans. ZipLoan has also partnered with other NBFCs for co-lending using its tech platform.


This Delhi-based online lending platform has secured an undisclosed amount of seed funding recently which is led by GrowX Ventures and other angel investors. Other investors participated in this round include Angel investor Sunil Kalra, Murugappa Group scion Arun Venkatachalam, and Badal Malick, ex-Snapdeal executive and one of the investors in Pi Ventures. The startup will use the funds raised to strengthen its technology product, app, and data science capabilities along with building its small business loan portfolio.

ZipLoan unzips your chance of getting loans instantly
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