Protium wants to become a pan India digital lender

Protium, a company founded by former Goldman Sachs partner Peeyush Misra, has allotted loans worth more than 750 crore rupees across the small and medium enterprise (SME), personal, and consumer segment.

It has closed its initial capital round at 1,260 crore rupees from the founder and a few marquee. It also plans to advance another 1,000 crore rupees by the end of the fiscal year.

“We are on a mission of Fuelling Ambition of small businesses by making credit accessible in a seamless, low cost and timely manner,” Peeyush Misra, Founder & Director, Protium, said.

The company believes engineering has changed financing India which has led them to target this section. It uses proprietary models to assess revenues and growth to give solutions to its clients.