Indifi Technologies, which provides loan financing for small businesses, has appointed Rana Vikram Anand as its president. Prior to this, Anand was heading segments and products, branch and business banking at RBL Bank. He will be responsible for scaling up of the business & operations, growing the existing segments, partnerships, alliances, identifying, assessing and establishing new sectoral opportunities.
Anand has held a host of leadership positions in ANZ Grindlays Bank, ABN AMRO Bank, and the Royal Bank of Scotland.
Indifi Technologies is backed by Omidyar Network, Accel Partners and Elevar Equity and has raised over $10 million in funding. Indifi was launched in October 2015 by Alok Mittal (CEO), former India chief of Canaan Partners, along with Siddharth Mahanot (COO) and Sundeep Sahi (CTO). At the time, it got investments from Pramod Bhasin and Rajan Anandan and was focused on travel, transport and retail segments for financing. It charges a fee for services like marketing, data collection and analysis, and on-ground documentation and verification to lenders. Disbursals of loans range from Rs 5 – 50 lakh.
Indifi has tied up with financial institutions such as Edelweiss, India Infoline and Capital First, as indicated by this TechCircle report.