LenddoEFL, a Singapore-based fintech company powering data-driven decisions for financial services, has appointed Darshan Shah as Managing Director, India and South Asia. Darshan is a credit bureau veteran and he brings close to two decades of experience including credit reporting, scoring, analytics and technology. Darshan will be leading LenddoEFL’s team and expansion in India and South Asia. He will be responsible for driving deeper engagement with the company’s existing and new financial institution clients, in service of the vision to include one billion people in life-changing financial services. Previously, Darshan worked with the largest credit bureaus in the world, including Experian (India), Trans Union CIBIL, and Equifax (Canada) before joining LenddoEFL.Darshan Shah as Managing Director, India and South Asia, said, “Having worked across geographies and being well-versed with the problem of credit coverage, I look forward to leveraging my experiences to work on the challenge of financial inclusion in India,” said Darshan Shah, Managing Director, India and South Asia. “The need is massive with less than 45% of Indian adults included in the credit bureau and less than 10% borrowing from a financial institution in the last year, as per the World Bank.”
LenddoEFL operates in more than 20 emerging markets and uses new sources of data, such as digital footprint, mobile phone data, behavioral analytics, and character traits, to provide credit scoring and identity verification solutions for underserved people and small businesses.“The opportunity for LenddoEFL in South Asia is immense,” said Paolo Montessori, Chief Operating Oficer, LenddoEFL. “Darshan’s rich experience combined with his passion for helping people access faster and cheaper credit is a perfect fit for our team.”
Having worked across geographies and being well-versed with the problem of credit coverage, I look forward to leveraging my experiences to work on the challenge of financial inclusion in India. The need is massive with less than 45% of Indian adults included in the credit bureau.
LenddoEFL’s mission is to provide 1 billion people access to powerful financial products at a lower cost, faster and more conveniently. We use AI and advanced analytics to bring together the best sources of digital and behavioral data to help lenders in emerging markets confidently serve underbanked people and small businesses. To date, LenddoEFL has provided credit scoring, verification and insights products to 50+ financial institutions, serving 6 million people and lending $2 billion USD.