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Project Flight

Year of First Investment:  2019

COMPANY DESCRIPTION

Established in 2017, Flight is a licensed salary lending company with a platform that caters to salaried employees. Flight currently has more than 300 partner companies with more than 36,000 employees onboard its platform. It provides loans both through its balance sheet as well as securitization of its loan portfolio.


HIGHLIGHTS

Flight operates under a highly data-driven, risk-based underwriting approach, allowing to compete effectively through both pricing as well as processing time as compared to competitors. Flight has gained significant traction in the local market and has a strong roster of institutional clients as part of its client base.