Praveen is currently the managing director of RBI registered NBFC PinCap. He joined this company post exiting Jabong. Since 2017, Sinha has been instrumental in transforming the company from a traditional financing agency to a tech-driven NBFC that provides innovative solutions to the new-age businesses so that they can create economies of scale.
Through innovations in technology, business models, credit screening, and scoring, PinCap helps businesses to set higher business objectives by providing the finances to bridge the working capital gaps along with flexible repayment options. Through its tech-driven approach to redefining how financing is accomplished in India, PinCap has taken lead in the MSME financing sector.
The firm also offers collateral-free POS Finance and Invoice financing with adaptable and customisable solutions that suit businesses the most. Moreover, backed by data analysis, PinCap’s transparent lending process, competitive rate of interest and an unambiguous pricing structure ensures peace of mind to the entrepreneurs, which is essential for the growth of any business.
In a majority of the cases, the firm provides loan free from any collateral alongside with minimum turnaround – one business day to five business days. With entrepreneurship, financing, and innovation embedded in the DNA of PinCap, the firm strives for 100 percent customer satisfaction. Pincap was svery proactive in providing the moratorium to its existing clients who needed support during the Corona pandemic.