She thought for college students financial support - Heena Jain

     

     Heena Jain Tatia is the Co-Establisher of the StuCred. This venture provides instant cash on hand, anytime - anywhere! Exclusively for college students. She is from Chennai, India.

STUCRED:- https://www.stucred.com/

EDUCATION

    Heena earned a Master of Arts in Economics and International relations from the University of St. Andrews.

HONORS

• She featured in YourStory and many other entrepreneurship articles

ENTREPRENEURIAL STORY

    26-year-old Heena and her brother Jaijash Tatia both are studied in the UK. At that time they managed their finances through an interest-free overdraft from a UK bank, which is allowed them to have tiny but sufficient credit month-to-month. They are studied in foreign, this allowed them to have better financial flexibility.

      They came back to India, At that time, they realized that students Indian students did not have such financial help. Therefore, they started the Stucred app, Which gives a one-stop application for college students' financial needs. This venture's aim is to help college students have access to financial inclusion and financial flexibility through a line of credit.

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     It is a fintech startup that allows collegians to get instant and real-time loans without any human interaction. After a one-time identity and college authentication, students can borrow money 24*7 on this app. They can get anywhere between Rs.500 and Rs.30,000 at zero percent interest, and repay within a month.

      Instead of generating income through interest, they levy a flat service tax or minimal service tax. In one and half years of operation, the Chennai-based startup earned to be having over 25,000 users. 

      The bootstrapped venture has collaborated with over 250 colleges across the nation, including IIT Bombay, IIM Ahmedabad, IIM Bengaluru, and many more. You should download the Stucred app if you are a college student and you need financial support.

      Heena also has teamwork, leadership, marketing, and Research skills.

There was a lot of untapped potential in the market waiting for discovery. With the technologies like India stake available to us, it was the perfect environment and time for us to establish such a product.