First of its kind, Singapore-based TSLC Pte Ltd, a fin-tech company has launched its new mobile App-based lending platform- CASHe, in India. It is one of the most ambitious technology ventures of serial entrepreneur and private equity investor V Raman Kumar. According to him, the concept will be big hit in India and will change many things.
The new app CASHe, will be provide immediate cash loans to young professionals based on their social profile, merit and earning potential using its proprietary algorithms and machine learning.
By providing basic information on a smart phone, people can avail of within minutes a convenient 15-day loan for a one-time processing fee with no other hidden costs and cumbersome paper work.
CASHe’s target clients are young professionals between 20-35 years old. Upon confirming eligibility, these employed individuals can avail of a loan of up to 40 per cent of their monthly income instantaneously at a rate of interest on par with credit cards.
It is currently India's only cash giving app that offers instant transfer of funds for approved applicants and can change the burrowing system in India.