Ex- Banker and now changing the Indian financial system with SaveIn, Jitin Bhasin

Jitin Bhasin is the founder of SaveIn, a fintech platform based in Gurugram that has developed a patented technology solution that allows for the discovery, matchmaking, record keeping, and payment of informal loans among consenting participants in a social circle.

Jitin Bhasin realized one thing after working in the core teams of companies like BankBazaar and fintech lending startup RupeeRedee: despite the fact that India has over 50 scheduled commercial banks, tens of thousands of NBFCs, and over 200 fintech lending companies, 80 percent of people are credit underserved and lend/borrow among their social circles in times of need and as the first line of defense.

Jitin founded fintech startup SaveIN, whose flagship offering is a first-of-its-kind product called Social Finance, which organizes how individuals lend, borrow, and record money transactions among their trusted contacts such as family, friends, business partners, and acquaintances through digitization and clear record-keeping. SaveIN intends to offer a variety of other financial products and services in the personal finance arena in the future.

Jitin and his team are currently preparing to expand their consumer credit portfolio with an innovative loan product developed in collaboration with a financial organization to provide on-demand credit to a specific vertical that is severely credit deprived.
By using their own trusted network and offering access to need-based and contextual financial products, he hopes to improve Indians’ financial health.