KreditVenture launches NBFC to expand MSME lending

By Vriti Gothi

KreditVenture, has been launched by, Saif Hasan, Jaspreet Singh, and  Prajit Chandrasekhar, to address the credit gap for micro, small, and medium enterprises (MSMEs) across India’s tier 2 and tier 3 cities. The company commenced operations earlier this year with a focus on Loan Against Property (LAP), signalling the beginning of its secured lending journey.

India’s LAP market is estimated at $67–84 billion, yet a large portion of MSMEs remains underserved. KreditVenture’s approach combines digital underwriting with local engagement, starting with secured loans for MSMEs and progressively expanding into used commercial vehicle financing. The company’s mission is to build a scalable, responsible lending platform underpinned by disciplined credit practices.

Saif Hasan, Founder of KreditVenture, said, “We are committed to building KreditVenture as a long-term, responsible player in secured lending. Our focus is on prudent, scalable growth across Bharat from LAP to adjacent secured products—anchored in trust, customer-centricity, and discipline. We believe the next phase of secured lending growth will be led by early movers who drive collaboration by digitally integrating partners across the value chain.”

Currently operational in nearly ten towns across Maharashtra, KreditVenture plans to scale to fifty locations within the next year, with strategic expansion into southern and northern markets to strengthen its presence across India’s growth corridors.

Jaspreet Singh, Co-Founder, said, “Markets beyond metros are full of high-potential entrepreneurs who lack access to formal credit. By combining data-driven underwriting with on-ground validation, we bridge this gap. Our platform digitizes traditional manual processes, enabling micro businesses and partners to improve sourcing, boost efficiency, and unlock new growth opportunities.”

KreditVenture differentiates itself through a unique integration of technology and local insights. Digitised land and income records enhance underwriting precision, while household-level income streams spanning small shops, tailoring, and seasonal work are validated via community references. This dual approach extends access to formal credit for those traditionally excluded from the financial system.

Prajit Chandrasekhar, Founding Partner, said, “Our focus on secured lending enables responsible growth. By integrating real market data into our assessments, we address challenges like limited income proof and low financial literacy in rural areas. Digitized records, combined with on-ground validation, help us manage risk transparently and reduce information asymmetry, building a resilient, responsible NBFC.”

The founding team brings complementary expertise: Saif Hasan offers over two decades of experience across financial services and strategic partnerships; Jaspreet Singh brings two decades in transaction banking, technology, and strategy; and Prajit Chandrasekhar has more than twenty years in corporate and investment banking, FintTech, and credit-risk management.