Private equality investor V Raman Kumar announced the launch of CASHe on 2nd April 2016, Saturday. It is India’s first cash giving App. The users can borrow cash anytime and anywhere within minutes. This App is Raman Kumar’s most ambitious tech venture. CASHe has been launched in Mumbai on 2nd April 2016.
Bollywood actor Arjun Kapoor unveiled the product in presence of CASHe’s eminent Board of Advisors comprising Dr. Rakesh Mohan, Former Deputy Governor of RBI and Director IMF, Suhel Seth, well known marketing guru and media personality and Yezdi Lashkari, tech thought leader.
The chairman of TSLC PTE LTD, Raman Kumar said that, “CASHe is the ideal platform for consumers to take control of their short term finances. Today’s young professionals have different aspirations and needs not very well addressed by the present banking system. We are simplifying their borrowing experience with CASHe. With this new smart phone platform we will be providing immediate cash loans based on their social profile, merit and earning potential using our proprietary algorithms and machine learning. All loans through CASHe will be disbursed by One Capitall Ltd. An RBI- registered NBFC.”
The users can apply for load within 15 minutes and only one-time processing fee. Here is no paperwork or human interaction so it is beneficial for users. So it is really very beneficial for people.
Bollywood Actor Arjun kapoor said that, “Today’s generation believes in instant gratification. If I have to speak on behalf of the generation I represent, then I’d say our fundamental belief in life is to work hard but party harder and at most instances we run out of resources to cater to our fast paced lifestyles. Saving money is more important to my parent’s generation than it is to my generation. CASHe will be the go-to app to raise immediate and efficient money. CASHe is a great way to ensure financial independence and responsibility at the same time. I am delighted to be associated with CASHe.”