Apollo Finvest Company Profile: Products, Promoters and Clients
Apollo Finvest Company Description
Apollo Finvest (India) Ltd. was founded in 1985 and is a company that manages investment properties and provides financial services.
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Q1.What are the Products and Service offerings of Apollo Finvest ?
AFL operates as a Non-Systematically Important Non-Deposit Taking Non-Banking Financial Company, specializing in providing a comprehensive technology-driven B2B2C platform for Financial Technology firms to offer digital loans.
The company has developed a versatile technology stack capable of digitally processing loans of any size, significantly reducing the cost per loan processed. To date, AFL has partnered with over 50 fintech companies and facilitated the disbursal of more than 1.7 million loans.
Service Portfolio:
a) Capital-as-a-Service:
AFL extends lines of capital to fintechs, enabling them to scale and expand their lending operations through a digital native NBFC partnership.
b) Software-as-a-Service:
Sonic, AFL's proprietary Loan Management System (LMS), streamlines the entire loan lifecycle, enhancing efficiency and operational effectiveness for its partners.
c) Collection-as-a-Service:
AFL simplifies and automates the debt collection process, optimizing recovery efforts and enhancing overall cash flow management.
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Q2.Who are the Promoters of Apollo Finvest ?
Mr. Mikhil Innani :Managing Director
Mikhil Innani is the Managing Director & CEO at Apollo Finvest, a public listed NBFC. He has 10+ years experience of building products from scratch to an unprecedented scale of 250+ million monthly active users.
He is currently building the "AWS for Lending" platform which enables any company to start digital lending in under 48 hours.Prior to Apollo Finvest, Mikhil headed consumer products and growth at Hotstar (India’s largest OTT platform) and CouponDunia (Acquired by Times Internet).
He also co-founded PharmEasy (India’s largest online medicine delivery startup valued at >$1 Billion) Mikhil holds a Master's degree in Information Systems from Carnegie Mellon University and a Bachelor's degree from Mumbai University.
Ms. Diksha Nangia: Chief Operating Officer
Diksha has a decade of experience in managing credit risk products and building financial models at scale. Prior to being COO and a Director at Apollo Finvest, Diksha managed credit at HDFC Ltd. (India's largest mortgage lender). Diksha holds an MBA in Finance from NMIMS and a Bachelor's degree from Mumbai University. She also holds a CFA Charter.
Q3.Who are the Clients of the Company?
Tala, Care Pal, Fair Money, Razor Pay, Qube Health, Money Tap, Ok Credit, Claim Therapist, etc. are some of its key notable clients.
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