It’s time to placed on your social gathering hats and be a part of the celebration as BankBazaar turns 15! Over the previous decade and a half, we’ve been on an exhilarating journey, redefining the way in which Indians entry credit score.
Let’s take a pleasant journey down reminiscence lane and relive among the most exceptional moments that formed BankBazaar’s unbelievable 15-year journey.
Blast from the Previous: The Beginning of BankBazaar
Again in 2008, the fintech revolution in India was actually revolutionised with the founding of BankBazaar by Adhil Shetty, Arjun Shetty, and Rati Shetty within the vibrant metropolis of Chennai. Armed with a imaginative and prescient to democratise private finance, the trio laid the muse for a monetary market that may empower tens of millions of Indians.
Enjoyable Truth: Do you know that earlier than changing into BankBazaar, we truly glided by the identify “Mortgage Dukaan”? Nevertheless, we found that ‘Dukaan’ was a tongue-twister for a lot of (Oh, the wrestle!). So, we had a present of palms, and voilà! We settled on the a lot easier-to-spell and catchier identify, BankBazaar. And as they are saying, the remaining is historical past!
$60 Million Jackpot: Funding Frenzy in 2015
Quick ahead to 2015, and BankBazaar struck gold with a whopping $60 million in Collection C funding. Main the cost was none aside from the tech big Amazon, together with help from Constancy Development Companions, Sequoia Capital, Walden Worldwide, and Mousse Companions. This mammoth funding injection catapulted BankBazaar into the large leagues, fuelling our ambition to rework the monetary panorama.
KYC Made Straightforward: Paperless Marvel in 2016
BankBazaar continued to make waves in 2016 once we unveiled our paperless e-KYC platform. Bid farewell to stacks of paperwork and prolonged verification processes! With this innovation, prospects might full the Know Your Buyer (KYC) course of on-line, swiftly and effortlessly.
2017’s Recreation-Changer: Credit score Rating Platform
In 2017, BankBazaar opened the gateway to monetary freedom with the launch of a digital Credit score Rating platform. Clients might entry their Credit score Rating without cost, arming them with helpful insights to make sound monetary choices and seize alternatives.
New Launch Occasion with Co-Branded Credit score Playing cards
2021 was a yr of celebration as BankBazaar joined palms with YES BANK and RBL Financial institution to introduce co-branded Credit score Playing cards. This partnership enriched the product lineup and enabled prospects to decide on personalised credit score options tailor-made to their wants and preferences.
TurboLoan: The Lightning-Quick Mortgage Journey
Alongside the co-branded Credit score Playing cards, BankBazaar unveiled TurboLoan, powered by Chola Finance. It was a game-changer for Private Mortgage candidates, providing lightning-fast approvals, making goals a actuality within the blink of an eye fixed.
Championing Range: BankBazaar’s Empowering Workforce
BankBazaar takes immense delight in selling range and inclusion, mirrored in its workforce. As per the most recent HR information, a powerful 55% of the staff have been girls, setting a commendable milestone within the fintech trade. BankBazaar continues to prepared the ground in fostering a supportive work setting for all.
The BankBazaar Dream Workforce: Meet the ‘Movers’
Behind each success story stands a dream staff – the Movers who introduced innovation, creativity, and loads of enjoyable to BankBazaar’s DNA. Their ardour and dedication have been the driving drive behind the corporate’s achievements.
Buyer Testimonials: Heartwarming Tales
On the coronary heart of BankBazaar’s journey are its prospects. Listed below are some heartwarming testimonials from actual individuals who achieved their monetary objectives, due to BankBazaar’s steering and help. Their tales of triumph will certainly resonate with you.
1. “We’re all the time on the go along with one factor after one other to do. So, once we’re given a break with straightforward instruments, apps, and so forth to make issues simpler, it makes all of the distinction! I simply needed to share my expertise checking my Credit score Rating on BankBazaar (been utilizing the web site for 4 months now)! As somebody who has been actively engaged on bettering my Credit score Rating, I used to be searching for a dependable and user-friendly software to observe my progress. From the second I signed up, I used to be impressed with the seamless course of. The web site’s interface is clear, intuitive, and extremely straightforward to navigate. It took me no time to get began and join my credit score accounts securely.
What actually units BankBazaar’s web site aside is the great and real-time Credit score Rating monitoring function. Each time I logged in, I might see my up to date rating, serving to me get a direct image of my monetary well being. Upon exploring the web site additional, I felt like Alice in monetary wonderland ???? (you’ll know whenever you do the identical!). I do know I’ll be returning very often – extremely proud of the entire expertise!”
– Ruth. S, Bengaluru
2. “With BankBazaar, discovering the proper Credit score Card was too straightforward for me. Initially, so many choices to select from! As a first-time applicant, I used to be afraid that I’d decide the fallacious card with hidden charges and excessive rates of interest. However with BankBazaar’s Credit score Card comparability software, I might view all of the playing cards facet by facet and perceive their options and advantages clearly. Plus, the skilled evaluations and buyer suggestions made it a lot simpler.
Now, I’m glad that I picked the Credit score Card that enhances my spending habits. Nice rewards and perks that go well with my way of life, and no hidden surprises. I obtained the perfect Credit score Card that I used to be searching for, and BankBazaar was a giant assist!”
– Amith. Kumar, Kerala
3. “Just a few months in the past, I confronted a private emergency that required speedy funds, and I used to be careworn about the best way to handle it with out burdening my household or depleting my financial savings. Making use of for a Private Mortgage appeared daunting, however BankBazaar’s user-friendly platform modified that solely. Their easy-to-navigate web site helped me discover essentially the most appropriate mortgage choices in only a few clicks. The method was simple, and I obtained a number of mortgage provides from reputed lenders.
Because of BankBazaar’s help, I secured a Private Mortgage with beneficial phrases and aggressive rates of interest. I might deal with the emergency with out compromising my monetary stability. I’m deeply grateful to BankBazaar for being there once I wanted them essentially the most. They turned a annoying scenario right into a manageable one, and I extremely suggest their providers to anybody in want of economic help!”
– Sindhu. Ok, Chennai
The BankBazaar Enjoyable Quotient: A Peek Behind the Scenes
Peek behind the curtains and uncover the enjoyable facet to BankBazaar! From quirky workplace traditions to team-building escapades, the enjoyable quotient at BankBazaar is an important ingredient in our recipe for achievement.
Nostalgia Overload: BankBazaar’s Memorable Advert Campaigns
Make a journey down reminiscence lane with our unforgettable advert campaigns. From heartwarming tales to quirky humour, these commercials have left a long-lasting impression on the minds of shoppers.
The New Indian Marriage ceremony – #PlayYourPart
#ThankYouDad by BankBazaar.com | #MyDadMyFirstTeacher
#MakeItHappen – Alicia Souza, Illustrator Entrepreneur
#WhyGoSlow – Sluggish Is Irritating. Swap To BankBazaar
Promising Future Forward: BankBazaar Rockets to New Heights
BankBazaar posted a 51% YOY enhance in income in Q1-FY24, pushed by our portfolio of co-branded Credit score Playing cards and Private Loans, closing FY23 with audited income of ₹159 crore (66% income progress from FY22).
Right here’s to many extra years of innovation, range, and monetary freedom! Let’s hold the celebration going as we form the world of non-public finance, one thrilling step at a time!
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