New Delhi, 26th March, 2021: Delhi based Fintech Startup, Blue Jay Finlease Limited (ZipLoan), today announced that Shalabh Singhal, Co-Founder & Director at ZipLoan, has moved on from active management at ZipLoan to start a new venture in Supply Chain. Shalabh will continue to be a Director and shareholder in Ziploan

Commenting on the entrepreneurial journey, Shalabh Singal said, “My journey with ZipLoan has been exciting and full of learning. The company is on a strong growth path to achieve its vision and I wish everyone at ZipLoan continued success in their roles. I would like to thank my co-founder Kshitij Puri, our team, investors, lenders and all business partners for their immense support in our journey. I am proud of the strong team that we have built at ZipLoan.”

Launched in 2015, ZipLoan built a pioneering fintech leader providing financing to micro, small & medium businesses with a full in-house digital suite, re-engineered underwriting operations and a digital proprietary credit scorecard for enabling working capital in a quick, efficient and profitable manner. Kshitij Puri, Co-Founder & CEO further highlighted, “I would like to thank Shalabh for an exciting journey and co-building ZipLoan into one of the leading fintech lenders in the country, I wish him success and a great journey ahead with his new venture.”

ZipLoan is the first business loan provider in 80% of the cases among its borrower base.The company is a pioneer in small funding of Rs. 1 lakh to Rs 7.5 lakh. Large financial institutions have partnered with the company to leverage its unique expertise of lending to the vast untapped micro business segment.

Backed by investors like Elevation Capital (previously SAIF Partners), Matrix Partners India, Waterbridge Venture, Whiteboard Capital and Stride Ventures, Ziploan has its presence in Delhi, Mumbai, MP, UP & Rajasthan and plans to scale the business volumes significantly in line with the rising demand for the Business loans in the MSME segment.

About Ziploan:
ZipLoan, RBI registered fintech lender, was set up in 2015 with a mission to ensure easy availability of Working Capital loans to small business owners in India. Our technology enabled platform allows us to offer credit in a fast and hassle free manner. Through its proprietary machine learning-based risk assessment also called ‘ZipScore’, lean operations and a unique co-lending model with leading banks and NBFCs, ZipLoan is able to provide working capital loans of up to INR 7.5 lakhs to small businesses at a fraction of the cost as compared to traditional lenders.

ZipLoan is currently operational in 6 cities of India. ZipLoan has raised over $20 million in equity from India's best VC Investors such as Elevation Capital and Matrix Partners. We have our offices in: Delhi (Headquarters), Mumbai, Jaipur, Lucknow, Bhopal, and Indore.