InPrime Finserv
Siddharth Jagani is an experienced professional in product management and growth, currently serving as a Founding Member for Product & Growth at InPrime Finserv since January 2023. Previously, Siddharth held the position of Senior Product Manager at Khatabook from June 2022 to January 2023 and worked at Ujjivan Small Finance Bank from April 2018 to June 2022, where roles included Manager of Microbanking Product, Assistant Product Manager, and Management Trainee in Digitization. Earlier experience includes a position as an Executive at Siemens from August 2014 to July 2016. Siddharth holds an MBA from the Indian Institute of Management, Indore, and also completed an MBA at NEOMA Business School.
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InPrime Finserv
‘Informal Prime’ as we christen this segment as, is an emerging horizontal segment within the informal economy. It originates from its progressive behavioral characteristics rather than pure demographic segmentation; And transcends across geography, livelihoods, and income levels. The manifestation of this segment is evident with customers exhibiting a growth mindset, making transitions from a cash to less cash economy, adopting digital solutions backed by a proven credit track record of several years. However, there is faint recognition of their progressive characteristics and consequently of their advanced financial needs. At InPrime, the aim is to recognize this sub-segment within the informal economy and carry forward the winning attributes of traditional lending and simultaneously leverage the modern lending practices focused on data, digital and technology. This, we believe can generate superior financial and non-financial outcomes without compromising on the core elements of lending which include- customer connect, engagement and risk management. We estimate that approximately 50 million households are part of this evolving segment with an incremental annual credit need of Rs. 5 lakh crores (70 billion USD). It will need a new category of institutions to cater to this massive emerging demand and we intend to be one of the early movers in this space.