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It was in 2022 that Sameer Mahajan co-founded StrideOne with Ishpreet Gandhi and Abhinav Suri with the aim of providing alternative finance to startups. With his nearly 10 years of experience in the banking industry with Axis, YES BANK, IDFC FIRST Bank and Standard Chartered Bank, Mr. Mahajan recognizes the scope of debt solutions and innovative financing for early stage startups in India. Did. “At StrideOne, we identified a significant gap in the financial technology available to these visionaries. This is limited to emerging market giants, but the very supply chains that support them. ” said Sameer Mahajan, co-founder and CBO of StrideOne.
His and the financial service provider’s objectives are clear. It’s about forging partnerships with founders across categories, sectors and geographies to provide a blend of financial solutions and technical expertise to foster inclusive entrepreneurship. Mahajan is committed to strengthening and accelerating India’s startup ecosystem and its attendant MSME ambitions. StrideOne aims to reduce the technological and financial gap for Indian startups and their ecosystem partners.
He noted that there are gaps in access to formal financing for entrepreneurs from different sectors, and that many entrepreneurs are unable to access traditional financing methods due to insufficient accounting systems and documentation. Pointed out. CBO notes how the company has pioneered technology-enabled short-term lending solutions. “Our solutions also include non-credit solutions such as accounts receivable. In particular, our solutions in the form of supply chain financing and embedded finance streamline processes, increase flexibility and improve value chain “It’s designed to support the whole thing,” he said. To date, it has provided formal credit services to 60 million MSMEs.
It was clear from the beginning that a one-size-fits-all approach was not the way to go, and “understanding and meeting the diverse financial needs of different business models was our biggest challenge.” It boasts of disbursing payments worth Rs 3,000 crore to more than 5,000 borrowers while maintaining a recovery efficiency of %. “This track record not only reflects our financial acumen, but also our deep understanding of the ecosystem and operational excellence that ensures risk mitigation and sustainable growth.”
Regarding innovative products and services, he says: “The introduction of accounts receivable management services was in direct response to the needs of our partners. In this case, businesses were looking for help managing their collections.” As the founder of a fintech, he is in the midst of a major transformation. We’ve learned to focus on integrating small, innovative enhancements into our operations rather than trying to. And his introduction of AI into business was an essential initiative.
“Our goal is not only to scale our business, but also to redefine the startup funding landscape and ensure that the next wave of Indian unicorns and their supply chains thrive in a mutually beneficial ecosystem. “Do what you do,” he concluded.
Fact sheet:
Net worth: INR 200cr ARR (Annual Recurring Revenue): INR 102cr
Starting year: 2021
Number of employees: 140 people
