Rahul Ojha – CFO of CrediMe – Interview

Rahul Ojha is the Chief Financial Officer at CrediMe – A fintech company! CrediMe has built an awesome state of the art lending platform for Personal Loans which can approve and disburse loans within 5-10 minutes. 

Tell me about yourself

I am Rahul Ojha, I started my career with Big4 Consulting firms and then found my true calling in the financial services  / retail lending space. At present, I am part of the leadership team (CFO) for CrediMe, a Fintech Venture. CrediMe is an app for instant personal loans.

In terms of education I am a Chartered Accountant and MBA from ISB.

I love to travel, reading Non-Fiction / Fiction both and enjoy soothing music.

What inspired you to join the current company or this sector?

After having worked for years in traditional retail lending, I was fascinated with the FinTech space. The emergence and growth of the FinTech space have been phenomenal in such a short time. Traditionally borrowing has been an arduous task for borrowers with lots of paperwork. Using Technology / sophisticated algorithms we can now enable application, credit evaluation, and disbursal to customers in their bank accounts all within a span of 2 to 5 minutes. I definitely wanted to be a part of this revolution.

What is your life mantra?

I believe in this oft-repeated quote – Work like a Coolie, Live like a King!

What was the most challenging part of your journey till now?

I believe we are undergoing one of the most challenging times right now. All the previous challenges pale in comparison. Who would have thought almost 2-3 months in an FY would be wiped out and what lies ahead. No one can make an accurate prediction at present. In the lending space, people are still guessing how the credit culture will change going forward and how long will it take to get it back on track. Also, when will the economy recover some say “V” shape, some “W” Shape. Recovering from this situation and going back to normal will be the most challenging part I guess for everyone.

How do you protect yourself from the problem of brain drain?

I believe making people realize the purpose and importance of their work and also giving them sufficient freedom to learn and operate makes good people want to stick with you. Also, the endeavor should be to create a working environment, which helps people thrive. Although ‘brain drain’ is not completely unavoidable in this day and age but yeah it can be manageable.

Share one habit that you think makes you more productive?

Developing a deep understanding of the problems and then approaching the solution. Also, I try to keep updated on all the recent developments around us.

Share one habit that you wish to change in yourself?

I need to learn to say “No” to people.

  • Answer in one line:
  • One tip to success – Persistence and Hardwork
  • One mistake you believe every individual must avoid – Not being thorough in their work
  • One most important lesson that you have learned till now – Devil is always in the details or numbers don’t lie
  • Apps you can’t live without – CrediMe J, WhatsApp, Netflix, Amazon, and Kindle.
  • Key in the workplace – Focus or being thorough

If you get a chance to start your career again what would you do differently this time?

I would have liked to allocate some of my time to learn an art form from the beginning along with work. Also would maintain a better balance between health and work.

Share a quote that inspire you the most.

“The woods are lovely, dark and deep, but I have promises to keep and miles to go before I sleep!” – by Robert Frost

Also the Poem “If” by Rudyard Kipling

What makes you excited about Mondays?

Approaching all the tasks with a fresh approach and excitement to tackle new problems. A relaxing Sunday spent with family is a key element to feel energized for Mondays.

According to you how self worth and happiness important in a job?

I believe these two are very important elements to succeed in your job and be productive. While money can be a motivator in the beginning but if these elements are not there one cannot be successful and commit himself 100% to the job.

Describe some difficult leadership situations and how you managed people through them.

My approach is to get the team to understand the importance of the task they are handling and also what importance it holds for the Team  / Organisation. I also encourage the team to participate in the decision-making process and create an environment for them to freely express their views. Once you have the entire team rallying behind a particular goal and participating wholeheartedly any difficult tasks/situations can be easily managed.

Please share your views in comments. We will share your comments with Rahul.