Associate - Repayments Operations - Bengaluru, India - Klub Blaze

Klub Blaze

Verified Company

Bengaluru, India

2 weeks ago

Posted by:

Deepika Kaur

beBee Recuiter

Description

We are India's largest revenue based financing fintech.

Revenue based financing is revolutionary:
instead of paying fixed EMIs to banks or diluting equity to VCs, businesses can now raise capital from Klub and pay simply as a percentage of their revenues

It is:

Fair:
By relying exclusively on data and metrics, we take bias out of decision-making.

Flexible:
Companies pay as a percentage of revenues.

They can choose to raise as little as Rs 2 Lakhs to as much as Rs 20 crs, based on their metrics and needs.

Founder friendly:
No pitch decks, no personal guarantees, no equity dilution, no board seats.

All of this makes Klub the most scalable capital partner with capital support that grows with our portfolio companies.

Our journey

We raised $2 mn at an idea stage in December 2019 from Sequoia Capital's Surge program, and marquee investors like Naveen Tewari (InMobi Group), Kunal Shah (CRED), Shradha Sharma (YourStory), and many more.

Post our beta launch ~12 months ago, the company has grown by leaps and bounds:

270+ investments made; portfolio companies include loved brands like Bewakoof, Third Wave Coffee, The Man Company, 9stacks, Mamagoto, and Eat.

Fit, SMOOR

Raised $20 mn in August 2021 from GMO (Japan), Alter Global (USA), and others
Launched a $25 mn fund in December 2021

Responsibilities:

Take ownership of cases of nontimely repayment by brands, in order to recover capital invested by our patrons or fund.
Keep external stakeholders like the debenture trustee and Klub patrons informed about progress in the repayments process
Undertake all necessary measures required to recover capital, including (but not limited to) negotiations with the brand, legal measures, etc.
Document all communication and processes in these instances, and drive to early closure and clarity.

Must Have:

24 years of work experience in the lending industry, with some experience in dealing with cases of nonrepayment by borrowers
Exposure to the collections industry and its various actors, including collections agencies, relevant legal firms, etc.
Ability to negotiate with many external stakeholders firmly but professionally
High attention to detail and ability to set up processes and checks that ensure that any errors are detected well before they become critical
Excellent oral and written communication skills in English
Entrepreneurial spirit and ability to find innovative solutions to persistent problems
Affinity for hardworking team environments and working with multiple teams

Our team
We are a 90-member team based out of Bangalore.

Our founders are Anurakt Jain (VC at DFJ and Vertex, corporate intrapreneur at InMobi; IIT-D, Wharton, CFA) & Ishita Verma (i-banking/investing veteran at Kotak, Unitus Capital, Snyder UAE; LSR, IIM-B).

Here's what our team has to say about working at Klub

What we're looking for:
Fire in the belly, structured thinking, intellectual curiosity, a drive to deliver, exceptional accountability and humility

What you should expect

Incredible professional growth:
Our best performers had 3+ promotions/charter expansions in 2 yrs

International exposure:
Yes, you read it right. Klub's going global and you will have a front-row seat

Salary:
Market-benchmarked compensation

ESOPs:
Get skin in the game, and grow with the company

Generous paid time off:
For days you wake up with sniffles and days when you need to unwind

Healthcare benefits:
Insurance coverage for self, spouse, and kids

Upskilling:
Learning budgets and learning programs

Fun:
Our team likes football matches, board games, frequent team lunches, and partying hard

Diversity:
We do not discriminate on the basis of race, religion, gender, sexual orientation, gender, etc.

3-4 rounds of video or in-person interviews to assess role fit, general aptitude, and cultural fitment