Three industry veterans launch KreditVenture, an NBFC firm to empower MSMEs in India’s tier 2 and 3 cities

Three seasoned financial services professionals Saif Hasan, Jaspreet Singh, and Prajit Chandrasekhar, have come together to launch KreditVenture, an NBFC firm dedicated to bridging the credit gap for micro, small, and medium enterprises (MSMEs) in India’s tier 2 and tier 3 cities.

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The firm began operations earlier this year with a focus on Loan Against Property (LAP).

India’s LAP market is estimated at Rs 5.6–7 lakh crore, yet a significant portion remains underserved. KreditVenture’s approach is anchored in secured lending, initially targeting MSMEs and later expanding into used commercial vehicle loans. 

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 operating in nearly ten towns across Maharashtra, KreditVenture aims to expand to fifty locations within a year and plans to extend into southern and northern markets soon.

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 digitises traditional manual processes, enabling micro businesses and partners to improve sourcing, boost efficiency, and unlock new growth opportunities.” 

Prajit Chandrasekhar, Founding Partner, added, “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 three founders bring diverse strengths that form the company’s core Saif Hasan, with over two decades of experience in financial services from leading business teams to forging strategic partnerships, Jaspreet Singh, with 20 years of experience in transaction banking, technology, and strategy, and Prajit Chandrasekhar, with 20 plus years in corporate and investment banking, fintech, and credit-risk management.

KreditVenture has secured early-stage equity funding from Nikunj Jajodia, a Delhi-based large family office. It has also partnered with notable NBFCs and HFCs, including DMI Housing Finance, Agrim Housing Finance, and Singularity Credit World (BHN), for co-lending and partnership requirements.