Came across this company only yesterday, and it seems very interesting to me.
This is their investor presentation from their website. Has a lot of ineresting information. Pasting the slides on the moat as articulated bu the company here. It talks about how they have access to data across the fintechs on thei rplatform which helps them create a risk algorithm than the fintechs would be able to create themselves. I guess this should help the fintech in underwiting, as well as Apollo FInvest in choosing its customer. And with access to this data, they are able to raise capital and good rates and offer it to fintechs at good rates as well. Looks logical to me.
A couple of other interesting updates:
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An ED official apparently received a bribe from Apollo Finvest to defreeze their bank account. The article doesn;t give too many details, but the bribery allegations aside, why were these accounts frozen in the first place? Not able to find more infmormaiton on this.
https://telanganatoday.com/ed-officer-booked-for-graft-in-loan-app-case -
Kunal Bajaj, Head of Capital Markets for Blume Ventures (and former MD India Equities for Jefferies) has invested in Apollo Finvest last week in personal capacity.
In all honesty, I don’t understand the fintech space very well. But prima facie this seems like an asset light, scalable model in an industry that has massive tailwinds. I have taken a tracking position today and will try to learn more before adding to it.