Vishal Chopra — CEO
* WeRize is a profitable growth stage fintech. At WeRize, we are creating a new category in Indian financial services space. We are building India’s first socially distributed full stack fintech platform for emerging middle-class families in 5000+ small cities. The financial needs of small-city India have been largely underserved since traditional players and fintechs are unable to properly serve this segment * We have raised $25.75Mn equity ($175 Mn valuation) from British International Investment (UK's sovereign impact fund formally known as CDC), Sony Japan, 3one4 Capital, Picus and others * WeRize is a full-stack provider, both manufacturing and distributing a wide portfolio of customized mortgages, unsecured credit, insurance, and savings products for 300Mn individuals spread across the 5000+ small cities * Families in small cities require high touch sales/after-sales service which can only be profitably provided using a social distribution model. The entire fintech ecosystem is geared towards building DIY apps that help customers choose the right financial products for themselves. However, this approach doesn’t work for small-city families as they need high touch sales and after sales. Additionally, due to lower ticket-size/conversions vs tier-1 city customers, digital unit economics dont work, leading to fintechs staying away from this superb segment * Using the “Social Shopify of Finance” platform, WeRize has enabled 10K+ financially literate freelancers in 2500+ cities to sell its financial products in their social circle. This solves trust issue as well as provides high-touch service * Werize is the only Indian fintech platform/financial services player that has been able to distribute financial services through freelancers without any of its own FOS/local branches. Our freelancers in 2500+ cities are managed only through Werize proprietary tech platform. This enables superb scalability and low CAC/ops cost=> highly profitable business model. * Worked with Lendingkart as Chief Business Officer. Lendingkart raised $150Mn in equity funding till Series C. * First hire for Amazon India team and part of leadership that launched Amazon.in (2013) * Worked with Souq.com (now Amazon MENA) as a regional director for the marketplace business.
Stackforce AI infers this person is a Fintech and E-commerce leader with extensive experience in business development and marketplace management.
Location: Bengaluru, Karnataka, India
Experience: 21 yrs
Skills
- Business Strategy
- Entrepreneurship
- Sales
- Customer Experience
- Business Development
- P&l Management
- Marketplace Management
- Project Management
- Technology Marketing
- Pre-sales
Career Highlights
- Co-founded a leading fintech platform in India.
- Led Amazon.in's marketplace launch as a key team member.
- Managed P&L for multiple high-growth companies.
Work Experience
WeRize
Co-Founder & CEO (7 yrs 2 mos)
Lendingkart Technologies
Chief Business Officer (2 yrs)
Souq.com
Regional Director (2 yrs)
Amazon.com
Head - Marketplace Business for Media (Books, Music, Movies) - Amazon.in & Junglee.com (3 yrs)
Mahindra Group
Global Leadership Program (1 yr 2 mos)
Indian School of Business
MBA Candidate (11 mos)
Synopsys Inc, USA
Corporate Applications Engineer (Sales) (1 yr 8 mos)
Synopsys Inc, India
Corporate Applications Engineer (Sales) (1 yr 9 mos)
Texas Instruments
Design Engineer (1 yr 3 mos)
Education
MBA at Indian School of Business
B.E at Punjab Engineering College
at Central Board of Secondary Education
