New Delhi, July 24(APAC Media): Former BharatPe co-founder Ashneer Grover has launched Fund My Staff, a new fintech platform that allows employers to support loan applications made by their employees by acting as guarantors.
Grover announced the launch through a LinkedIn post on July 23. The platform is designed for employees who have little or no credit history and may struggle to secure loans through traditional lending channels. Under the model, employers can onboard employees, decide the maximum loan amount they are eligible for, review loan requests and choose whether to provide a guarantee. Employees can also initiate loan requests directly through the platform.
The company said approved loans are disbursed by RBI-registered lending partners, while borrowers repay the amount through monthly EMIs over a chosen tenure. Fund My Staff operates as a Lending Service Provider under the RBI’s digital lending guidelines. It has identified Ash Grove Capital Private Limited, an RBI-registered NBFC, as its lending partner.
The platform is operated by Third Unicorn Private Limited, a New Delhi-based startup founded by Ashneer Grover, Madhuri Jain Grover and Aseem Ghavri. The company also runs healthcare financing platform ZeroPe, which offers EMI-based funding for hospital expenses. The launch comes as fintech firms continue to explore new credit models aimed at improving access to formal lending for salaried employees with limited credit histories.
