BankersKlub unveils tech-enabled platform for corporate finance solutions

By Gloria Mathias

BankersKlub, a FinTech start-up, has announced the launch of its tech-enabled aggregator platform. The platform facilitates a wide range of strategic corporate financial advisory services and solutions for small businesses, MSMEs, and startups by connecting them with retired bankers.

With an aim to streamline the process of securing debt funds for businesses and introduce transparency with cost-effective flat pricing, BankersKlub announces enabling companies to raise debt funds up to INR 100 Cr at a flat success fee of INR 50 Lacs.

This will benefit businesses significantly by saving their cost with a predictable cost structure. The platform also creates additional earning opportunities for retired bankers by giving them 75% of the fixed success fee for every successful debt fundraise, alongside a monthly consultancy fee. As a part of the launch, BankersKlub also introduces its product, the Financial Wellness Report (FWR), a powerful tool designed to analyse any given industry and business, providing actionable recommendations for any financial advisory.

Seasoned bankers who understand the intricate requirements of lending institutions meticulously prepare this report and the accompanying Scorecard, which is backed by data-driven KPIs that matter most to lenders. Thus, it ensures a faster turnaround for businesses seeking funding.

Dr. Charan Singh, Economist and Chairman of Punjab and Sind Bank, said, “Redeploying retired bankers is crucial for preserving and leveraging their wealth of banking and financial expertise beyond their retirement age at 60. BankersKlub is taking a ground-breaking step by creating a platform that channels this invaluable human capital, at present being wasted, towards supporting businesses in navigating complex financial challenges. Ultimately, this will contribute to the growth and stability of our economy and meet the needs of booming businesses.”

Rajat Chopra, Founder & CEO of BankersKlub, said, “Our platform will not only change how corporates secure debt but will also infuse unmatched transparency and efficiency into the process. In addition to our range of unparalleled services, our standard pricing of a Flat Success Fee will significantly reduce costs compared to current industry standards. We aim to equip businesses with seasoned bankers, providing an end-to-end digital journey of the transaction with real-time tracking. Additionally, our FWR equips lending institutions with insights that they need to make informed decisions and grow.”