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Paisabazaar wanted to get you loans; now it wants your funds

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Paisabazaar wanted to get you loans; now it wants your funds

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Paisabazaar wanted to get you loans; now it wants your funds

Santosh Agarwal, CEO, Paisabazaar

Synopsis

Paisabazaar wants to mitigate the cyclical nature of the credit market. CEO Santosh Agarwal says the company is now betting big on savings and MF products, even as an AI-led drive has improved efficiency 2x. Up next is the ambition to go public in three-four years.

After weathering a sloppy credit environment and a year of reset, Paisabazaar is looking to press the growth pedal on the back of AI-led efficiency this year. The online loan aggregator is now banking on a pivot to savings and investment products. A subsidiary of listed insur-tech player PB Fintech, Paisabazaar runs a large loans-comparison platform that boasts of over 58 million customers and more than 350,000 credit cards issued last year.
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