BankBazaar Turns 15: Celebrating a Decade and a Half of Innovation and Variety | BankBazaar

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It’s time to placed on your social gathering hats and be part of the celebration as BankBazaar turns 15! Over the previous decade and a half, we’ve been on an exhilarating journey, redefining the best way Indians entry credit score. 

Let’s take a pleasant journey down reminiscence lane and relive among the most exceptional moments that formed BankBazaar’s unimaginable 15-year journey.

Blast from the Previous: The Start of BankBazaar 

Again in 2008, the fintech revolution in India was really revolutionised with the founding of BankBazaar by Adhil Shetty, Arjun Shetty, and Rati Shetty within the vibrant metropolis of Chennai. Armed with a imaginative and prescient to democratise private finance, the trio laid the muse for a monetary market that may empower hundreds of thousands of Indians.

Enjoyable Truth: Do you know that earlier than changing into BankBazaar, we really glided by the identify “Mortgage Dukaan”? Nonetheless, we found that ‘Dukaan’ was a tongue-twister for a lot of (Oh, the battle!). So, we had a present of palms, and voilà! We settled on the a lot easier-to-spell and catchier identify, BankBazaar. And as they are saying, the remaining is historical past!  

$60 Million Jackpot: Funding Frenzy in 2015 

Quick ahead to 2015, and BankBazaar struck gold with a whopping $60 million in Collection C funding. Main the cost was none aside from the tech big Amazon, together with help from Constancy Progress Companions, Sequoia Capital, Walden Worldwide, and Mousse Companions. This mammoth funding injection catapulted BankBazaar into the massive leagues, fuelling our ambition to remodel the monetary panorama. 

KYC Made Simple: Paperless Surprise in 2016 

BankBazaar continued to make waves in 2016 once we unveiled our paperless e-KYC platform. Bid farewell to stacks of paperwork and prolonged verification processes! With this innovation, prospects might full the Know Your Buyer (KYC) course of on-line, swiftly and effortlessly. 

2017’s Sport-Changer: Credit score Rating Platform 

In 2017, BankBazaar opened the gateway to monetary freedom with the launch of a digital Credit score Rating platform. Clients might entry their Credit score Rating free of charge, arming them with useful insights to make sound monetary selections and seize alternatives. 

New Launch Occasion with Co-Branded Credit score Playing cards 

2021 was a yr of celebration as BankBazaar joined palms with YES BANK and RBL Financial institution to introduce co-branded Credit score Playing cards. This partnership enriched the product lineup and enabled prospects to decide on personalised credit score options tailor-made to their wants and preferences. 

TurboLoan: The Lightning-Quick Mortgage Journey 

Alongside the co-branded Credit score Playing cards, BankBazaar unveiled TurboLoan, powered by Chola Finance. It was a game-changer for Private Mortgage candidates, providing lightning-fast approvals, making goals a actuality within the blink of an eye fixed. 

Championing Variety: BankBazaar’s Empowering Workforce 

BankBazaar takes immense delight in selling range and inclusion, mirrored in its workforce. As per the newest HR information, a powerful 55% of the workers had been girls, setting a commendable milestone within the fintech business. BankBazaar continues to prepared the ground in fostering a supportive work surroundings for all. 

The BankBazaar Dream Workforce: Meet the ‘Movers’ 

Behind each success story stands a dream group – the Movers who introduced innovation, creativity, and plenty of enjoyable to BankBazaar’s DNA. Their ardour and dedication have been the driving power behind the corporate’s achievements. 

Buyer Testimonials: Heartwarming Tales 

On the coronary heart of BankBazaar’s journey are its prospects. Listed below are some heartwarming testimonials from actual individuals who achieved their monetary targets, due to BankBazaar’s steerage and help. Their tales of triumph will certainly resonate with you. 

1. “We’re at all times on the go along with one factor after one other to do. So, once we’re given a break with simple instruments, apps, and so forth to make issues simpler, it makes all of the distinction! I simply needed to share my expertise checking my Credit score Rating on BankBazaar (been utilizing the web site for 4 months now)! As somebody who has been actively engaged on bettering my Credit score Rating, I used to be on the lookout for a dependable and user-friendly instrument to watch my progress. From the second I signed up, I used to be impressed with the seamless course of. The web site’s interface is clear, intuitive, and extremely simple to navigate. It took me no time to get began and join my credit score accounts securely. 

What really units BankBazaar’s web site aside is the great and real-time Credit score Rating monitoring function. Each time I logged in, I might see my up to date rating, serving to me get a direct image of my monetary well being. Upon exploring the web site additional, I felt like Alice in monetary wonderland ???? (you’ll know once you do the identical!). I do know I’ll be returning very often – extremely pleased with the entire expertise!” 

Ruth. S, Bengaluru

 2. “With BankBazaar, discovering the proper Credit score Card was too simple for me. To begin with, so many choices to select from! As a first-time applicant, I used to be afraid that I’d choose the flawed card with hidden charges and excessive rates of interest. However with BankBazaar’s Credit score Card comparability instrument, I might view all of the playing cards aspect by aspect and perceive their options and advantages clearly. Plus, the professional opinions and buyer suggestions made it a lot simpler.

Now, I’m glad that I picked the Credit score Card that enhances my spending habits. Nice rewards and perks that go well with my way of life, and no hidden surprises. I acquired the best Credit score Card that I used to be on the lookout for, and BankBazaar was a giant assist!”

Amith. Kumar, Kerala

 3. “A couple of months in the past, I confronted a private emergency that required fast funds, and I used to be burdened about the right way to handle it with out burdening my household or depleting my financial savings. Making use of for a Private Mortgage appeared daunting, however BankBazaar’s user-friendly platform modified that fully. Their easy-to-navigate web site helped me discover probably the most appropriate mortgage choices in just some clicks. The method was easy, and I acquired a number of mortgage affords from reputed lenders.

Due to BankBazaar’s help, I secured a Private Mortgage with beneficial phrases and aggressive rates of interest. I might deal with the emergency with out compromising my monetary stability. I’m deeply grateful to BankBazaar for being there once I wanted them probably the most. They turned a anxious scenario right into a manageable one, and I extremely suggest their companies to anybody in want of economic help!”

Sindhu. Ok, Chennai

The BankBazaar Enjoyable Quotient: A Peek Behind the Scenes 

Peek behind the curtains and uncover the enjoyable aspect to BankBazaar! From quirky workplace traditions to team-building escapades, the enjoyable quotient at BankBazaar is an important ingredient in our recipe for fulfillment. 

Nostalgia Overload: BankBazaar’s Memorable Advert Campaigns 

Make a journey down reminiscence lane with our unforgettable advert campaigns. From heartwarming tales to quirky humour, these commercials have left an enduring impression on the minds of shoppers.  

  • The New Indian Marriage ceremony – #PlayYourPart

  • #ThankYouDad by BankBazaar.com | #MyDadMyFirstTeacher 

  • #MakeItHappen – Alicia Souza, Illustrator Entrepreneur 

  • #WhyGoSlow – Sluggish Is Irritating. Change To BankBazaar 

Promising Future Forward: BankBazaar Rockets to New Heights 

BankBazaar posted a 51% YOY enhance in income in Q1-FY24, pushed by our portfolio of co-branded Credit score Playing cards and Private Loans, closing FY23 with audited income of ₹159 crore (66% income progress from FY22).  

Further Studying: Press Launch: BankBazaar Posts 51% Improve in YOY Income in Q1 FY24 

Right here’s to many extra years of innovation, range, and monetary freedom! Let’s preserve the celebration going as we form the world of non-public finance, one thrilling step at a time!  

Cheers! ???? 

 

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