The Digital Lending Association of India (DLAI), an industry body representing over 85 technology-based NBFCs, has announced the appointment of Gaurav Chopra, CEO and Co-founder, IndiaLends as President of the association for 2019-20.
DLAI – an industry body incorporated in 2016, helps Fintech companies address pain-points of the industry, engages with the government on regulations and policy changes that could impact the digital lending industry. Gaurav was one of the nine founding members of the association and in the past two years, he was holding the position of a Treasurer for the association.
Commenting on the development, Gaurav Chopra said, “I am honoured and thankful that the association members put their trust in me. I look forward to working closely with the DLAI board in charting out a promising growth path for an industry which is at an inflection point. With our collective efforts, passion and shared entrepreneurial spirit we will be able to make a difference and truly contribute to the India growth story.”
Gaurav Chopra is a business strategist turned entrepreneur with more than 15 years of experience and domain expertise in driving business innovation in digital finance, credit analytics and mobile payments across Indian and global markets. Currently as the CEO and Co-Founder at IndiaLends, Gaurav is responsible for building and executing a growth driven business strategy and cementing strategic partnerships while delivering innovation for its customers – both borrowers and financial institutions.
An MBA from London School of Business, Gaurav spent eight years working at Capital One Bank in the UK leading teams in analytics, credit risk, marketing and business strategy.
IndiaLends is India’s leading provider of personal loans and credit cards. IndiaLends’ products include personal loans and lines of credit ranging from Rs. 10,000 to Rs. 50 Lacs, Credit Cards and Free Credit Reports. Available on both the web and mobile, IndiaLends offers instant loans to its customers with most products being fully digital. IndiaLends also provides technology, data and credit analytics solutions along with a loan management platform to financial institutions. IndiaLends is run by a team of credit risk professionals and data scientists with multiple years of experience in consumer credit.
IndiaLends had last raised funds in July last year, with the company mopping up 10 Mn in series B round from ACPI Investment Managers and Ganesh Ventures.