WHIZDM FINANCE PVT LTD
WFPL is a technology-enabled, non-deposit-taking systematically important NBFC that focuses on providing short-term loans up to INR 5 lakhs to salaried individuals through the Group’s digital platform. WFPL is amongst the top three players in the personal loans segment. The Group has a technology platform known as MoneyView which has been built in-house and is a part of the parent company Whizdm Innovations Private Limited (WIPL) and is currently being used by WFPL for offering their credit products.
WFPL is a wholly owned subsidiary of WIPL which is backed by marquee global PE/VC investors like Accel Group, Ribbit Capital, Tiger Global, APIS Partners, etc. The Group is promoted by Puneet Agarwal and Sanjay Aggarwal who cumulatively have an experience over 5 decades in Investment Banking and Technology and have previously worked with companies such as McKinsey, Capital One, GpayGoogle, Yahoo, Infosys, etc.
As of 30th Sep 2023, WFPL had an AUM of INR 9700 Crs with a consolidated PAT of INR 101 Crs. for the first two quarters of FY’24 and GNPA of 2.54%. On a consolidated basis, the Group had a net worth of 1600 Crs.
KEY STRENGTHS
EXTENSIVE PROMOTER EXPERIENCE & GROUP SUPPORT: Mr. Puneet Agarwal (Co-Founder and CEO) has over 22 years of experience in Consulting and Investment Banking and was previously associated with McKinsey, Capital One, Gpay-Google etc. and Mr. Sanjay Aggarwal (Co-founder and CTO) also have over 25 years of experience in Technology and Data Analytics and was working with Appian Communications, Yahoo, Infosys, etc. The Group has a strong management team that includes CXOs with cumulative experience of 100+ years.
STRONG INVESTOR PROFILE: The Group is backed by reputed and marquee institutional PE / VC investors which include Accel Partners, Tiger Global, and Ribbit Capital among other notable firms. Moreover, the Group’s robust debt profile is reinforced through Business Correspondence with esteemed organizations like HDFC Bank, Kotak Mahindra Bank, IDFC First Bank, Northern Arc Capital, Oxyzo, Vivriti and others.
COMFORTABLE METRICS:
• Capitalisation has been supported by regular capital infusion from WIPL as well as consistent retained earnings; the Group’s net worth stands at ~ INR 1600 Crs. till Sep’23.
• WFPL’s gearing ratio stands at 0.64x and CRAR is at 39.92%. • WFPL has a strong franchise of debt partnerships with marquee banks and NBFCs such as HDFC Bank, Kotak Mahindra Bank, IDFC First Bank, Federal Bank, IndusInd Bank, AU Small Finance Bank, Incred, Northern Arc Capital, Oxyzo, Vivriti and others.
• The Group’s unencumbered cash and bank balance stood at Rs. 1193 crore as of September 30, 2023, which is sufficient to cover its debt repayments of Rs. 970 Crs.
Deal Highlights
| Investment Type | Rated, Senior, Secured, Redeemable Bonds |
| Credit Rating | India Rating BBB+ [Stable] |
| Return | 11.50 % pre-tax XIRR |
| Time to Maturity | 18 Months |
| Interest | Every Month |
| Principal Repayment | 12th Month – 50% – 18th Month – 50% |
About the Issuer
Whizdm Finance part of MoneyView (WIPL) group is an India Ratings BBB+/Stable rated, technology-enabled, non-deposit-taking NBFC that focuses on providing short-term loans up to INR 5 Lacs to salaried individuals.
AUM (Assets Under Management) – 9700 crores
PAT (Profit after tax) – 263 crores
Networth – 1600 crores
Leverage – 0.64 X
NNPA (net non-performing assets) – 0.00%
What’s an NCD?
Imagine you lend money to a friend instead of putting it in the bank. You expect your friend to pay you back with interest at a certain time. A non-convertible debenture is like that but with a company instead of a friend.
Here’s the simple meaning:
You give money to a company.
The company promises to pay you back with interest at a set time.
You cannot trade this loan for ownership of the company.
So, it’s a way for a company to borrow money from you like a loan, and you earn interest for your investment.
What Does FINZACE Provide?
We at Finzace provide you high-return fixed-income investment options with a platform to invest in NCDs of WHIZDM FINANCE PVT. LTD. and various NCDs with the best ROI (Return On Investment) with a very user-friendly platform starting @ 12% p.a. We are offering the best market ROI of WHIZDM FINANCE PVT. LTD. NCD @%13 p.a. Invest securely from our platform and enjoy high-interest returns.
Our investments in WHIZDM FINANCE PVT. LTD. NCDs start from 1,00,000/- per unit.
For our investor’s reference, we have provided the cash flow schedule for one unit of WHIZDM FINANCE PVT. LTD. NCD @13% p.a.
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