Biography of Jitin Bhasin: Founder & CEO of SaveIN -Entrepreneur
Biography of Jitin Bhasin
Foundations of Education
Jitin Bhasin began his academic journey at Guru Gobind Singh
Indraprastha University, where he earned a B. Tech in Electronics and Communication.
This technical background laid the groundwork for his future endeavors in the
finance and technology sectors. Eager to expand his knowledge, Jitin pursued an
MBA in Finance and Marketing at the Indian Institute of Foreign Trade. His
performance was exemplary, consistently ranking among the top students and
being recognized as the "Best All Rounder" of his batch.
International Exposure
During his MBA, Jitin was selected for a prestigious student
exchange program at Grenoble Ecole De Management in France. This experience
broadened his horizons, allowing him to gain insights into international
business practices and deepen his understanding of global markets. Such
exposure was instrumental in shaping his worldview and enhancing his
capabilities as a future entrepreneur.
Accelerated Leadership Training
To further refine his leadership skills, Jitin attended the
Accelerated Leadership Programme at the Indian Institute of Management
Ahmedabad. Sponsored by Aviva, he participated in a cohort of talented
individuals from various regions. His commitment and performance earned him the
'Best Participant' award, showcasing his potential as a future leader in the
industry.
Entrepreneurial Beginnings
With nearly 15 years of experience in banking, insurance,
and fintech, Jitin's entrepreneurial journey began with the founding of
RupeeRedee in 2017. As Managing Director and CEO, he built this digital lending
platform from the ground up, focusing on providing innovative financial
solutions tailored to the needs of Indian customers. His vision was clear: to
create accessible lending options for those traditionally underserved by conventional
financial institutions.
Scaling Success
Under Jitin’s leadership, RupeeRedee grew rapidly, serving
hundreds of thousands of customers and achieving profitable business results.
He established strong partnerships with lending companies, enhancing the
platform's capabilities and ensuring a seamless experience for users. His
ability to navigate the complexities of the fintech landscape was key to the
company’s success.
Transition to Healthcare Fintech
After exiting RupeeRedee in late 2020, Jitin set his sights
on a new venture: SaveIN. Launched in January 2022, SaveIN aims to
revolutionize private healthcare in India by making it more accessible and
affordable. The platform facilitates hyper-local discovery of healthcare
services while integrating financial solutions at the point of care, addressing
a significant gap in the healthcare financing landscape.
Identifying Market Needs
Recognizing that over 75% of Indians prefer private healthcare
but face affordability issues, Jitin and his team sought to create a solution
that would bridge this gap. With low insurance penetration and numerous
exclusions in traditional health plans, they focused on providing an innovative
financing option that would ease the burden of medical expenses for families.
Targeting the Right Demographic
SaveIN's innovative "Care Now, Pay Later" model is
specifically designed to cater to individuals aged 21 to 60. By focusing on
treatments such as dermatology, dental care, and wellness therapies, the
platform aims to serve a broad customer base, including both salaried employees
and self-employed individuals. Jitin's strategy includes leveraging unique
insights from healthcare partners to enhance risk assessment processes and
approval rates.
Commitment to Responsible Lending
Jitin understands that a responsible and transparent credit
program is vital for the success of SaveIN. He emphasizes the importance of
fair financing options for customers and advocates for a clear regulatory
framework in the fintech sector. He praises the Reserve Bank of India's efforts
to create a supportive environment for responsible lending, enabling companies
like SaveIN to flourish while serving millions.
Growth and Innovation Plans
Recently, SaveIN raised over $7 million in seed funding, a
significant milestone that will enable the company to expand its offerings and
enhance its technological capabilities. Jitin plans to invest in building a
robust product portfolio and growing in-house teams in critical areas such as
data science and customer service, ensuring the platform meets evolving
consumer needs.
Biography of Jitin Bhasin: Founder & CEO of SaveIN -Entrepreneur/Agge/Net worth/wife/ SaveIN story/Jitin Bhasin story/healthcare accessible & affordab
Competitive Landscape
In a crowded fintech market, Jitin recognizes the importance
of technology partnerships and collaborations. He believes that SaveIN's
dedicated focus on healthcare, combined with its innovative financial products,
positions it uniquely in the industry. This specialization, along with a
commitment to improving key metrics for both healthcare partners and customers,
serves as a competitive advantage.
Vision for the Future
Jitin envisions SaveIN as a transformative force in the
healthcare sector, addressing critical issues of access, quality, and
affordability. His goal is to make private healthcare a viable option for all
Indians, particularly in the aftermath of the COVID-19 pandemic, which
highlighted the importance of health and wellness.
Experienced Leader
Throughout his career, Jitin has held leadership roles
across banking, insurance, and fintech. His extensive background equips him
with the insights and skills needed to navigate the complexities of the
financial services landscape. As a two-time entrepreneur, he remains passionate
about building sustainable, tech-enabled businesses that have a meaningful
impact on society.
Awards and Recognition
In 2014, Jitin was recognized as an Economic Times Young
Leader, highlighting his influence and leadership potential in the industry.
This accolade reflects not only his professional achievements but also his
commitment to driving positive change through innovative financial solutions.
Building a Legacy
As he continues to lead SaveIN, Jitin is focused on creating
a legacy of innovation in the fintech and healthcare sectors. His journey is a
testament to the power of entrepreneurship in addressing societal challenges
and improving lives through accessible financial solutions. With a keen eye on
future developments, he aims to position SaveIN as a leader in the healthcare
financing space.
Conclusion
Jitin Bhasin’s journey from a technology background to
becoming a prominent figure in fintech exemplifies his dedication to making a
difference. Through SaveIN, he is not only revolutionizing healthcare financing
in India but also inspiring others to pursue their entrepreneurial dreams. His
commitment to addressing critical gaps in the market continues to drive his
vision for a healthier, more financially secure future for millions.
Timeline of Jitin Bhasin's Career
2004-2008: Earns B. Tech in Electronics and Communication
from Guru Gobind Singh Indraprastha University, establishing a technical
foundation.
2010-2012: Completes MBA in Finance and Marketing at the
Indian Institute of Foreign Trade, recognized as "Best All Rounder."
2011: Participates in a student exchange program at Grenoble
Ecole De Management in France, gaining international business insights.
2015: Attends the Accelerated Leadership Programme at IIM
Ahmedabad, awarded 'Best Participant' for leadership potential.
2017: Founds RupeeRedee, a digital lending platform, serving
underserved Indian customers.
2018-2020: Leads RupeeRedee to rapid growth and
profitability, establishing strong partnerships in the fintech space.
2020: Exits RupeeRedee to pursue new opportunities in
healthcare fintech.
2022: Launches SaveIN, aimed at making private healthcare
more accessible and affordable in India.
2022: Implements the "Care Now, Pay Later" model
to address healthcare financing gaps for individuals aged 21 to 60.
2023: Secures over $7 million in seed funding for SaveIN to
expand offerings and enhance technological capabilities.
Ongoing: Advocates for responsible lending practices and a
clear regulatory framework in the fintech sector.
