Quote from Ritesh Jain – Co-Founder at FlexiLoans.com

Quote from Ritesh Jain - Co-Founder at FlexiLoans.com

Ritesh Jain is the Co-Founder @ FlexiLoans.com, one of India’s leading technology-based online lending platform started that with an endeavour to solve the problems that small businesses face in accessing quick, flexible and adequate funds for growing their businesses. The team’s vision is to give the cash-starved SME and MSME sector, ‘financial access at a click’. At Flexiloans.com Ritesh is responsible for finance and operations.

Over RBI’s announced, Ritesh said “RBI reaffirming its commitment to support the economy and market comes as a relief in the wake of the COVID-19 outbreak. With the reverse repo rate reduced to 3.75%, banks are decentivized to park surplus liquidity with RBI, which could be in favour of the NBFCs and Micro-Finance Institutions. Banks/NBFC can also heave some sigh of relief as moratorium period shall be excluded from classification of NPAs. The TLTRO 2.0 of Rs 50,000 cr that would be invested in bonds, CPs, NCDs of the NBFCs and MFIs would mean a boost in liquidity, further helping small and medium businesses to access funds. Going forward, many such measures would be the need of the hour, to ensure that the financial sector remains viable.”

Ritesh has over 18 years of experience across start-up, finance, technology, telecom and hospitality domains. Prior to Flexiloans.com, he has held several leadership positions including Chief Financial Officer at Housing.com and Head-Planning at Tata Teleservices where he implemented and integrated 12+ IT systems including fraud management, SAS, Cognos, CRM and Business intelligence tools. Ritesh has also worked with Citibank and Starwood Hotels.

Ritesh is a passionate runner and has participated in various marathons. He can Play table tennis equally well with both hands. He loves travelling and spending free time with his daughter

He is Dean’s Lister MBA from Indian School of Business (ISB- Hyderabad), qualified Chartered Accountant and a Bachelor of Commerce graduate from the University of Delhi.