Startup to Scaleup | Spotlight on Interface Ventures, company that aims to disrupt the fintech space

A company incepted in 2022 is aiming to disrupt the fintech space. To do so it is offering a bouquet of diverse services such as debt advisory, a lending platform and an investment platform.

In our quest to delve deeper into this innovative approach, Avni Raja from editorji interviewed Karan Desai, the Founder of Interface Ventures, to gain insight into their operations, specifically focusing on their key divisions.

What is Interface Ventures?

Speaking to us about what Interface Ventures is, Karan Desai said that the company is divided into two key companies. The first, Interface Ventures, focuses on debt advisory services, boasting a remarkable ₹3,300 crore worth of sanctions in the past 22 months.

He further added that this part of the business specialises in structured credit for small corporates and engages in both active and passive investing.

Second, Internovo Ventures, a joint venture with NovoStack, oversees three fintech stacks. ''These include Indirow, a loan origination and distribution platform; Indibook, designed for routine record-keeping tasks; and Indivest, a financial learning and investing platform'' he added. Interface Ventures also makes selective passive investments and has invested in a small finance bank.

How to get ‘CHIT FUND’ investors

Interface Ventures plans to capitalise on the SIP investment trend and concentrate on facilitating the transition from informal to formal savings.

However to do so, Desai emphasised the importance of building trust to attract investors who are investing in informal assets such as chit funds.

He highlighted the significant role played by local agents in attracting investors and stressed the need to identify and engage with key influencers within the community.

Desai underscored that attracting small investors is a long-term effort, demanding both patience and persistence.

Interface Ventures: The Future

When asked about the company's future plans, Desai said that the company's vision is centered around building profitable unicorns, with a focus on long-term sustainability.

He also added that as a bootstrap, self-funded company, they have no intentions of launching a burn-driven B2C business. Instead, they aim to establish a strong presence in the MSME sector within five years. Their platforms, such as Indibook and Indivest, are viewed as long-term investments spanning a decade.