Director - National Technical Manager – LAP Location – Bengaluru Reporting Line – SVP Credit Ops About WeRize Founded in 2019 by Vishal Chopra and Himanshu Gupta, WeRize is building India’s largest full stack fintech platform for 500 million underserved middle-class customers who live in 5000+ small towns of India. WeRize (Wortgage technologies pvt ltd) also owns RBI registered NBFC subsidiary (Wortgage Finance pvt ltd) This customer segment is not served by private sector banks, Insurers and Mutual Fund companies due to their low ticket-size and lifetime value and is dependent on PSU/Govt. banks. PSU/Government banks rarely provide financial products beyond basic savings accounts and these customers lack access to unsecured loans, MSME loans, credit cards, affordable housing loans, loan against property, health/life insurance and investment products. WeRize manufactures innovative unsecured consumer credit, mortgages, loan against property, MSME loans, savings and insurance products designed for this customer base keeping in mind their needs, requirements and purchasing power, with a view to add a layer of financial security to their lives and enable access to credit. While customers in these geographies use smartphones, they need proper guidance and support when purchasing the right financial products for themselves. So, a pure digital model doesn’t work for this segment. WeRize has innovated on this front through its ‘Finance ki online dukaan (Social Shopify of Finance)’, a first of its kind social distribution tech platform in the financial services space that educates and enables local financially literate freelancers across these small towns to source business through online and offline channels, recommend the right financial product(s) to customers as well as provide after sales support. These freelancers, who are located in more than 5000+ towns and cities, earn as much as INR 30,000 a month from WeRize in commissions. Our social distribution platform supported by financially literate freelancers means an exceptionally low cost of customer acquisition (CAC) and operations costs compared to both fully digital and on-the-ground financial services providers. Digital conversions among this target group are way lower when compared to upper income customers in metros and hence pure digital CAC doesn’t work for this segment. While companies like LIC and Fino Bank also rely on freelancer distribution, they deploy local on-field teams/branches to manage freelancers in every city. That results in very high CAC and operations costs for such companies. WeRize on the other hand, has been able to acquire, train and manage thousands of freelancers in 5000+ cities only through its tech platform and without any feet-on-street team of its own. This results in a highly profitable business model for Werize. To know more about the company, please visit: https://www.werize.com/ Key Metrics • Annualized Revenue Run Rate of $50Mn as of Jan 2025. (Approx $4Mn per month). • We are growing aggressively, and our revenues are doubling every year • Loan book/AUM as of Jan 2024- INR 1200 cr. We plan to double this to 2500cr + in next 12 months across various secured and unsecured financial products • Profitability- Unlike most of other startups, we are already profitable because of our best- in- class unit economics. We made approx. $1Mn of net profits before taxes in the FY’24 (including all the costs -even ESOP costs) . We are aiming for $10Mn+ of net profits in FY’27 • We are super capital efficient. We raised a total of $26mn and still have $20mn equity left and we turned profitable last financial year. • We are aiming for IPO in 2027 with 3 years of profits and aggressive growth. • Geography Covered- Served customers in 5000+ cities pan india. Fund Raise Funds Raised: $26 million Valuation - $200Mn Investors: - British International Investment (BII)-UK Government’s investment fund (Formally known as CDC group, BII is the British government’s investment fund. It’s a 48 billion dollar+ impact focused fund that has invested in some of the largest banks and NBFCs of India. - - - - - Sony Innovation Fund, Japan Sony Innovation Fund is the investment arm of Japan’s Multi-billion dollar Sony Corporation. Kalaari Capital (One of the largest Indian VC with $850MN AUM and investments such as Myntra, CureFit, Dream11, ElasticRun, Upstox, Simplilearn) Picus Capital , Germany (Fund run by Alexander Samwer- Co-Founder of Rocket Internet that had multiple billion Dollar + exits/IPOs – Lazada (SE-ASIA), Jumia (AFRICA), DeliveryHero(EU) ) 3one4 Capital (Early-Stage Fund with $500Mn AUM ) Orios Ventures (Early-stage fund with companies like Ola and Country Delight in its portfolio) Founders:- Vishal Chopra, Co-Founder & CEO: - Ex-CBO Lendingkart – India’s largest Fintech SME Lender ($150Mn+ fund raise) - - - First hire of Amazon India - part of the leadership team that launched Amazon.in Regional Director, Souq.com - largest e-commerce player in the Middle East. Raised $425Mn, acquired by Amazon MBA, ISB Hyderabad Himanshu Gupta, Co-Founder & COO: - Ex-VP and Head of Data Science, Lendingkart - - - Data Scientist, S&P Global/IHS Markit BTech, IIT Delhi 15+ years’ experience in AI/ML and Data Science Leadership Team: Chief Collection Officer - - Ex-Head of Collections at IndusInd Bank AVP-Collections of Deutsche Bank Group CFO: - - - - - Ex- CFO of Aditya Birla Housing Finance Ex CFO of Edelweiss Ex-controller of Aditya Birla Sunlife Insurance. CA with 25+ years of overall experience Chief Product and Technology Officer (Founding Team Member): - - Btech CS, IIT Kanpur; Ex-Tech Leader at Paytm and Medlife Head of Business: - - - - - - - BTech, IIT Guwahati, MBA- IIM Ahmedabad Ex leadership of Uber, Kenco, Rivigo Head of Strategic Initiatives- Collections and Risk - - Btech – NIT Suratkhal, MBA – IMT Ghaziabad Ex leadership team of Furlenco, Kotak bank. ICICI bank Head of Data Science - - - B Tech CS – IIT Delhi Ex Lead - Analytics and Data Science at TATA Digital Ex Director – Risk & Data Science at Cars24 Head of Credit Ops (Founding Team Member): - - - Ex-Regional Head of Credit, HDB (HDFC subsidiary) Head of Partnerships and Debt Raise/Treasury: - Ex head of debt/capital markets at Udaan , MBA – XLRI Jamsh Head of Financial Planning and Finance Operations: - Ex head of Finance and planning at Ola Financial services & Tata Business Hub, MBA – XLRI Jamshedpur Head of Finance and Accounting - - Ex head of finance and accounts at PhonePe Ex head of finance and accounts at Credit Grameen Access, India’s largest Micro Finance NBFC Role Description: We are seeking an experienced and dynamic professional to lead the technical operations for our Loan Against Property (LAP) vertical at a national level. This role involves owning the entire technical due diligence process, vendor management, policy formulation, and ensuring standardization of property assessment and valuation across geographies. Key Responsibilities: • Technical Due Diligence Oversight: Lead and standardize technical property due diligence processes (including site inspection, valuation, deviation analysis, and approvals) across all locations. • Policy Formulation: Develop, implement, and update technical policy guidelines for LAP lending, ensuring alignment with credit risk, legal, and regulatory requirements. • Vendor Network Management: Build and manage a pan-India network of technical vendors including valuers, engineers, and surveyors. Define SOPs and SLAs for performance and turnaround time. • Team Leadership: Lead a national team of technical managers. Ensure training, capability building, and adherence to technical assessment standards. • Compliance & Risk Management: Collaborate with the credit and legal teams to identify risks related to property documentation, approvals, encroachments, and usage deviations. Mitigate risks through technical inputs. • Audit and Review: Conduct periodic technical audits, quality checks, and vendor performance reviews. Drive continuous improvement and cost-efficiency. • Technology & Automation: Work with product and tech teams to digitize the technical due diligence process. Enable geotagging, valuation scorecards, and integration with LOS/LMS. Attributes we are looking for: • B.E./B.Tech in Civil Engineering (preferred); additional certifications in valuation or real estate desirable. • Minimum 12-15 years of experience in mortgage / LAP technical due diligence with a bank or NBFC. • Strong understanding of property laws, local building norms, and market valuation practices. • Experience in pan-India operations and vendor management is essential.