Tech Pitch: Unbolted

The founders of the new asset-based peer-to-peer lending platform outline their ambitions to shake up an "opaque and high-cost industry"...

Company name: Unbolted
Founders: Ashwin Parameswaran and Rito Haldar
Background: Parameswaran and Haldar’s academic backgrounds are coupled with insights from the financial and banking sectors; Barclays, Credit Suisse, HSBC and Merrill Lynch.
Based in: London

Very simply, what does your tech start-up do?

  • Unbolted provides a simple and fast opportunity for borrowers to receive an immediate transfer to a designated account in complete privacy.
  • Borrowers are offered market-beating rates against their high-value assets, via an online-only process that is both fair and transparent.
  • Lenders can similarly benefit from the Unbolted platform, by choosing how much and what they lend against, and the rates offered are far superior to what is available on the lending market today.

Tell us why there’s a need – what do you disrupt?

Our ambition is to shake up an opaque and high cost industry by offering a credible, low-cost, transparent and fair financing alternative; establishing borrowing against personal valuables as a mainstream financing alternative.

Are you funded?

We are backed by a team of successful primary investors.

What were you doing before starting?

Parameswaran previously worked as a derivatives structurer and trader with HSBC, Credit Suisse and Merrill Lynch, and has 10 years of experience in hedging and managing financial risk. He has also written extensively on macroeconomics and finance, and spoken in venues such as the European Parliament.

Haldar worked with Barclays Treasury and, prior to that, as a consultant with Oliver Wyman and A.T.Kearney. He has over 10 years of experience in solving business problems, from growth strategy to risk management and restructuring.

What’s the best thing about where you’re based?

London is a great location as it gives our clients the freedom and flexibility to drop their assets into us at our office (should they so wish). But of course, we can always receive these via the post – it’s entirely up to the borrower!

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