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CASHe Sprints Past One Million App Downloads With One Lakh Active Users and 270 Crores in Loan DisbursalMUMBAI, January 22, 2018 /PRNewswire/ -- - Achieves three key milestones this month: one million app downloads, 100,000 active users and 270 crores of loans disbursed Aeries Financial Technologies Pvt. Ltd., a fintech company promoted by serial entrepreneur and private equity investor Mr. V. Raman Kumar, today announced that CASHe, India's fastest loan-giving app for young salaried professionals has hit one million app downloads on both Android and iOS platforms since its debut in April 2016. It also announced that the platform currently disburses over Rs. 30 Crore in loan disbursals in a month and has achieved an overall loan disbursal of over 270 Crores with 100,000 active user base. These landmark achievements come shortly after CASHe announced the implementation of Blockchain technology using smart contracts on its lending platform in late November 2017. Commenting on the achievement, Chairman of Aeries Financial Technologies, Mr. V. Raman Kumar, said: "This is a proud moment for all of us at CASHe. We have endeavored to build a product that has significantly influenced the digital lending space in India. We are thankful to all our customers for their outstanding support. CASHe has experienced an organic month-n-month growth since launch of operations and managed to double its downloads to one million within six months. Also significant is our loan book as we are currently disbursing an average of thirty crores per month and achieved an overall loan disbursal of 270 crores since we began our operations in 2016 - the highest among all players in this industry." CASHe provides hassle-free loans with its app enabled documentation and loan disbursal process. CASHe offers loans based on a combination of Big Data Analytics and AI-based technology platform that enables loan disbursals under 10 minutes. CASHe is completely automated and requires no personal intervention and no physical documentation. About CASHe CASHe, India's fastest growing app-only lending company, provides immediate short-term personal loans to young professionals based on their social profile, merit and earning potential using its proprietary algorithm based machine learning platform. In April 2016, Aeries Financial Technologies Pvt. Ltd, launched its innovative technology-driven lending platform for the young, urban millennials. CASHe provides almost instantaneous loans on-demand. Its user-friendly digital interface enables faster loan application process and quicker loan disbursals. CASHe provides hassle-free loans with its app enabled documentation and loan disbursal/repayment process. Powered by its industry-first algorithm driven credit scoring platform, Social Loan Quotient (SLQ), CASHe quickly determines a user's credit worthiness by using multiple unique data points to arrive at a distinct credit profile of the customer. CASHe is completely automated and requires no personal intervention and no physical documentation. The average time taken for a loan to be disbursed is about 8 minutes, subject to proper submission of all documents. CASHe's target audience is young working professionals in the age group of 23-35 years. CASHe offers loans from Rs 10,000 to Rs 2,00,000 payable over 30 - 180 days. Visit http://www.cashe.co.in for more information. Key Business Highlights
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