Fortifies its position as a prominent player in Fintech realm with its participation
New Delhi, May 17, 2016: LoanAdda (http://www.loanadda.com/), a fintech company using disruptive technology stratifying lenders with borrowers, will be attending the 2nd edition of Money Conference, world’s largest invite-only fintech summit where well-established banks and NBFCs meet and discuss the future of finance.
The event, which is held under the aegis of Web Summit is covered by media giants like CNBC, BBC, Forbes, The Wall Street Journal, Financial Times etc. It is attended by CXO level tycoons of the financial world such as VISA, NASDAQ, and MasterCard.
Making its way to the top 5% fintech startups in the world, which have been selected for this event, LoanAdda has garnered the opportunity to demonstrate its technological prowess and logarithmic growth at this summit. Being held in the city of Madrid, Spain, on June 21st and 22nd, 2016, Money Conference will witness the arrival of 1,500 global decision makers across the industry spectrum, including over 100 exhibiting startups looking to transform the fintech ecosystem.
Commenting on the participation, Anshuman Mishra, Founder, LoanAdda said, “We are funder-neutral and use technology to connect a borrower with the right lender thereby increasing the probability of getting the loan sanctioned. We started as bootstrapped company and have surpassed the growth of many of our fund-backed competitors both in disbursal as well as in social media space. We now search for a strategic international fintech partner to coalesce our technologies and help a global fintech leader to gain foothold in the Indian market that we understand operationally. The Indian banking system is yet to embrace technology as a decision making tool in parameterized retail lending. We are planning to get state of the art technology for our predominantly BOP customers with an international strategic investor. We are not looking for a financial investor, as we are cash flow positive and profitable. With this participation, we hope to find investors at the summit who could contribute to actualizing our plans. We are confident that this summit will greatly influence our business planning and help us in creating a niche in the sphere of fintech.”
Due to the sudden boom in the startup ecosystem, there is an acute requirement of providing a sturdy platform for new businesses to showcase their work. Such a platform would be critical to startups to further their business growth. In alignment with the same, MoneyConf aims at providing, promising fintech startups like LoanAdda, an opportunity to pitch their business as well as learn from seasoned entrepreneurs and industry experts in this field.
The 2-day event will be attended by various sectors in the fintech industry. The variety of segments participating at the summit comprise of Startups, Financial Services, Vendors/Telcos, Investors/Consultants, Media/Developers/Academics and Merchants. Startups will get to attend seminars and listen to inspirational keynotes, along with insightful fireside chats and thought-provoking panel discussions from key players who are redefining financial services with their unique approach.
