Thursday, June 20, 2024

BankBazaar Turns 15: Celebrating a Decade and a Half of Innovation and Variety | BankBazaar

It’s time to placed on your occasion 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 best way Indians entry credit score. 

Let’s take a pleasant journey down reminiscence lane and relive a few of 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 really 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 inspiration for a monetary market that might empower tens of millions of Indians.

Enjoyable Reality: Do you know that earlier than turning into BankBazaar, we truly glided by the identify “Mortgage Dukaan”? Nonetheless, 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 remainder is historical past!  

$60 Million Jackpot: Funding Frenzy in 2015 

Quick ahead to 2015, and BankBazaar struck gold with a whopping $60 million in Sequence C funding. Main the cost was none aside from the tech big Amazon, together with assist from Constancy Progress 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 Simple: Paperless Marvel in 2016 

BankBazaar continued to make waves in 2016 after we unveiled our paperless e-KYC platform. Bid farewell to stacks of paperwork and prolonged verification processes! With this innovation, clients may full the Know Your Buyer (KYC) course of on-line, swiftly and effortlessly. 

2017’s Sport-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 may entry their Credit score Rating totally free, arming them with beneficial insights to make sound monetary choices and seize alternatives. 

New Launch Social gathering with Co-Branded Credit score Playing cards 

2021 was a 12 months 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 clients 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 Variety: BankBazaar’s Empowering Workforce 

BankBazaar takes immense pleasure in selling variety and inclusion, mirrored in its workforce. As per the newest HR knowledge, a powerful 55% of the workers have been girls, setting a commendable milestone within the fintech trade. BankBazaar continues to cleared the path in fostering a supportive work setting for all. 

The BankBazaar Dream Group: Meet the ‘Movers’ 

Behind each success story stands a dream crew – the Movers who introduced innovation, creativity, and a variety 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 clients. Listed here are some heartwarming testimonials from actual individuals who achieved their monetary targets, because of BankBazaar’s steering and assist. Their tales of triumph will certainly resonate with you. 

1. “We’re all the time on the go together with one factor after one other to do. So, after we’re given a break with simple 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 enhancing my Credit score Rating, I used to be searching for a dependable and user-friendly device to watch 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 simple to navigate. It took me no time to get began and join my credit score accounts securely. 

What really units BankBazaar’s web site aside is the great and real-time Credit score Rating monitoring characteristic. Each time I logged in, I may see my up to date rating, serving to me get a right away image of my monetary well being. Upon exploring the web site additional, I felt like Alice in monetary wonderland 😀 (you’ll know while you do the identical!). I do know I’ll be returning very often – extremely pleased with the entire expertise!” 

Ruth. S, Bengaluru

 2. “With BankBazaar, discovering the precise Credit score Card was too simple for me. To start with, so many choices to select from! As a first-time applicant, I used to be afraid that I’d decide the incorrect card with hidden charges and excessive rates of interest. However with BankBazaar’s Credit score Card comparability device, I may view all of the playing cards aspect by aspect and perceive their options and advantages clearly. Plus, the professional opinions 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 best 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 rapid funds, and I used to be confused about tips on how 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 easy, and I acquired a number of mortgage affords from reputed lenders.

Due to BankBazaar’s help, I secured a Private Mortgage with beneficial phrases and aggressive rates of interest. I may 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 hectic scenario right into a manageable one, and I extremely suggest their providers to anybody in want of economic assist!”

Sindhu. Okay, Chennai

The BankBazaar Enjoyable Quotient: A Peek Behind the Scenes 

Peek behind the curtains and uncover the enjoyable aspect to BankBazaar! From quirky workplace traditions to team-building escapades, the enjoyable quotient at BankBazaar is an important ingredient in our recipe for fulfillment. 

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 consumers.  

  • The New Indian Wedding ceremony – #PlayYourPart

  • #ThankYouDad by | #MyDadMyFirstTeacher 

  • #MakeItHappen – Alicia Souza, Illustrator Entrepreneur 

  • #WhyGoSlow – Gradual 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 development from FY22).  

Extra Studying: Press Launch: BankBazaar Posts 51% Improve in YOY Income in Q1 FY24 

Right here’s to many extra years of innovation, variety, and monetary freedom! Let’s maintain the celebration going as we form the world of non-public finance, one thrilling step at a time!  

Cheers! 🎉 


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