FirstPay

  • Mumbai, India
  • RetailRetail Technology, AIMachine Learning, FinTech, Mobile, Peer to Peer, Consumer Internet

Creating the next wave of Modern Consumerism by marrying data science & consumer financing. We are reinventing Closed Loop Credit Platforms.

Founded:
2016
Stage:
Proof of Concept
Market:
B2C

Startup Video

Featured


Occupied the Driver Seat

Incorporated the company as Loyalty Management Providers for Retail Brands

Apr

2014

Managed the Fuel Tank

Received Seed Funding for Product Development and Consumer Initiatives

Jun

Foot on Accelerator

Created the Engagement Portfolio - Engagement service with Loyalty as core

Aug

2015

Tasted Success

P&L with Annual Revenues of INR 2.3 Mn, tapping national level retailers

Apr

2016

Eureka Moment

360 Deg feedback > Conceptualized Pivot to FirstPay Model for engagement

May

High Tech Sensors

Product Development with back end and front end UI efficiencies

Jun

Turbocharger fitted

FirstPay platform released with Two Step Verification & Underwriting Algorithm

Apr

2017

Jobs


Team Summary

Vidit comes from a Strategic Consulting background, enjoying diverse roles ranging from leading high impact projects, to managing APAC teams during his corporate stint. He was based in Shanghai for an international stint, but chose to return back to India to find his Mojo.

Sunpreet brings in the right mix of Investment Banking experience and Coding expertise through his diverse experience in Tech/Banking domains. His corporate stint was a mix of coding,research,marketing,consulting and investment banking. He is super quick on his feet, with a flair for playing with words in his free time.

Current team size is ~14 superstars, with a mix of developers,designers,operations. We have been working with Merchant Partners for providing them consumer engagement solutions and the ideation of FirstPay was an organic byproduct of candid interactions and feedback from the retail ops.

Team

Founding Team

Vidit Ghai


Co-Founder

Chief Strategy Officer (Key Initiatives & Partnerships) @ First Quadrant, Founder @ FabFiera

WORK

First Quadrant (2016 - present)
Chief Strategy Officer (Key Initiatives & Partnerships)

FabFiera (2015 - present)
Founder

EATON - Power Quality Division ( APAC ) (2013 - 2015)
Business Planning Manager

EDUCATION

University of Pune
Master of Business Administration (M.B.A.) • 2005 - 2007

Kurukshetra University
B Tech • 2000 - 2004

DAV Public School
1990 - 2000

Sunpreet S Bindra

Sunpreet S Bindra


Co-Founder

Product/Service Summary

A fintech solution providing no cost short term credit assistance (3 – 6 months) to consumers, easing the stress on his/her wallet. A mobile based credit line with closed loop mechanism ensuring relevant control levers and higher EBIDTA margins.

Focused on creating relevant growth for merchant partners by driving incremental sales growth & higher avg. ticket size. Using integrated technology to create a scalable, machine learning platform for enabling automated profile verification & hybrid underwriting. We are creating the next wave of consumerism in growth economies by marrying data science and consumer services financing.

Product/Service Descriptions