FinBox Reviews

Co-Foundeers specially Nikhil Bhawsinka thinks slaves their employees. No opportunity to grow. Working environment and team management is also not good.

1. It's a company with absolutely no competitive advantage 2. The tech team has very high churn with no talented engineers who understand the mechanics of writing resilient and bug-free software 3. Terrible state of the codebase with loads of technical debt 4. It has a very weak business model and the finance/lending skill of the team is poor 5. They have often fooled their customers about the credit rating assigned to the users asking for credit. One parameter was hard-coded and when one client pointed out that it gave the same value for every user, they introduced the random.random() function to give a different value each time. I would recommend their client to actually check the credit ratings they provide and whether it will be profitable to them to use these ratings. 6. The market they are in is a super crowded market and they have absolutely no incentive to provide accurate credit ratings since they are paid on the basis of how many ratings they provide and not on whether their client can lend and collect effectively using that rating. It has a classic incentive problem. One way to fix this would be that the client forces the company to accept payment only if the client is able to successfully collect on the loan which they issued using the finbox provided credit rating.