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NuCash: Helping Students to Simplify their Financial Loan Management

Kayla Dreuth avatar

Kayla Dreuth

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NuCash: Helping Students to Simplify their Financial Loan Management

In a world where time is of the essence, the traditional process of obtaining educational loans can be a daunting experience for students.

On average, it takes 3 months for students to get their loan approved. They also have to send multiple applications to different lenders, complicating the process further.

Fintech startup, NuCash, decided it was time to innovate this financial burden and develop a new way to simplify and empower students' financial management experience.

Who is NuCash?

Founded by Ashit Joshi, NuCash, is India's first single end-to-end educational loan platform. A student just needs to submit their loan request with NuCash, and they collaborate with multiple lenders to guarantee a loan decision in less than 30 minutes.

The distinctive edge lies in NuCash's integration with various lenders, ensuring the swiftest loan approval while striving to secure the most competitive interest rates for students.

Beyond expediting the process, NuCash aims to alleviate the stress associated with funding education, making it seamless and hassle-free.

Differentiation in the Market

What sets NuCash apart from its competitors is its comprehensive approach. While other startups in the industry offer specific features—such as lending, payment, or banking—NuCash stands out as a holistic financial platform exclusively designed for students.

It doesn't just aggregate loans; it orchestrates the entire loan process, sparing students from the complexities of dealing directly with banks and lenders.

What’s NuCash’s Vision?

Looking ahead, NuCash envisions becoming the go-to financial brand for students not only in India but also globally.

Founder, Ashit Joshi passionately emphasises, "Finance should be made easy, accessible, and affordable for every segment of society, starting with students."

To turn this vision into reality, NuCash is participating in SBC's Sustainable Fintech Accelerator Program. 2 weeks in, Ashit Joshi credits this program for refocusing NuCash's mission, refining their pitch, and enhancing their messaging to resonate better with both end-users and investors.

The program has also helped Ashit Joshi revamp the message of his elevator pitch — a 60-second speech that encapsulates NuCash's essence and value proposition. Ashit Joshi already sees a major transition from where he was before starting the program 4 weeks ago.

Reflecting on the program's impact, Ashit Joshi shares, "I feel more prepared to scale our business and raise funds from investors than I was before."

The mentorship, structure, and guidance received in a short span have equipped NuCash to embrace growth and funding opportunities with confidence.

NuCash has already initiated a transformation in student finances and remains committed to consistently innovating the intricate loan process. As NuCash continues to evolve and expand its reach, it creates a future where financial accessibility for students is not just a dream but a tangible reality.

Learn more about NuCash here.

Discover our Fintech Cohort here.

Kayla Dreuth avatar

Kayla Dreuth

Marketing Coordinator @ Startupbootcamp Australia