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StashFin has adopted Engineering, Technology and Culture practices from bigtechs to fuel its digital acceleration:

StashFin, being a digital lending venture, has since 2016 been dedicated to transforming the traditional lending system by providing customers with a flexible credit line card, using a fully digital journey. Parikshit Chitalkar, Co-founder, says this has been made possible by the company’s relentless drive towards digitization of traditionally manual processes and employing advanced technology-based strategies to offer an unmatched level of convenience as well as financial freedom to the customers.”

CASH ON CARD BY APP

When covid struck, StashFin accelerated the pace of adoption of digital technologies in its internal processes. When faced with the constraints of the lockdown, its teams were forced to look at each process, find fully digital alternatives and develop a completely online WFH suite for every employee. Parikshit pats his team for having risen to the challenges of a post-pandemic world and posting growth in all aspects of the business. “Today, our systems handle disbursal volumes of 100+ loans an hour. Our credit line card customers can load cash on their cards in a matter of 90 seconds from the StashFin app, with the freedom to use it 24x7 whenever and wherever they please to,” says he.

OUTPACING THE VENDOR

StashFin has managed to embed various technologies into its app and website. It has preferred to have a dedicated team, rather than outsourced vendors. Reveals Parikshit: “We have a 100% in-house technology and data science team that gives us the flexibility to integrate solutions into our products and services within a fraction of the time it would take a vendor to do so. In fact, of the 200+ employees we have today, 40% is part of our engineering, technology infrastructure and data science teams, who in turn work on AI, machine learning and cloud technologies dedicatedly.”