Qbera appoints Goldee Udani as CTO

Qbera

At Qbera, Goldee will focus on building on Qbera’s technology stack, spearhead new technology initiatives, and equipping the company to foray into the next phase of data-driven lending.

Bangalore-based fintech lending startup Qbera has on-boarded technology veteran Goldee Udani as its CTO & Head of Data Science. A former entrepreneur, Goldee has also been associated with a number of global tech giants including Oracle, Amazon and Myntra in a successful career spanning over one and a half decade.

At Qbera, Goldee will focus on building on Qbera’s technology stack, spearhead new technology initiatives, and equipping the company to foray into the next phase of data-driven lending. The hiring is a part of Qbera’s national expansion plans following last year’s $3 million investment by Essel Group subsidiary E-City Ventures. Founded in 2016, Qbera has disbursed over 100 crores of personal loans to salaried individuals till date. The platform envisions to take this figure to Rs. 400 crores per annum by the end of the upcoming fiscal.

Speaking on the development, Qbera CEO Aditya Kumar said, “Qbera has today emerged as a cost-effective and time-efficient alternative to traditional loans in India. By partnering with leading institutions & building data-driven processes, we have been able to minimize the overall TAT (Turnaround Time) of personal loans to 24 hours, as compared to 6 to 8 business days taken by the leading banks. At present, our focus is on further enhancing our customer experience through technological & data-science driven interventions and couldn’t have found a more suitable person than Goldee Udani to do the job. We would like to welcome Goldee to the team Qbera and are confident that his domain expertise will be very pivotal for the platform.”

Goldee Udani, CTO, Qbera said, “I am very thankful to Qbera management for trusting me, especially at this crucial milestone of their growth journey. The credit scenario in India is quite challenging. The penetration of credit in India falls considerably short of the prevalent demand within the country. Incidentally, I love challenges and seek to add tangible value to the ecosystem via Qbera and its adept resources. My interactions with various stakeholders of Qbera have been very positive and I believe we will be able to generate the desired results together.”

Qbera currently caters to salaried individuals across 180 locations spanning 15,000 zip codes, offering them loans from 1 lakh to 15 lakhs. The company has successfully maintained a below-1% NPA rate (with current NPA exposure at 0.4%).

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Latika Bhargava
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