Loanzen is a venture focused on the micro entrepreneurs who are looking to acquire a commercial vehicle for their captive transportation or logistics business.
As an organization, our goal is to enable entrepreneurs by providing the seed capital to create economic opportunities and livelihoods.
Having started lending operations in February of 2018, the company is currently operating in Karnataka state with presence across Bengaluru, Hubli, Mysore and Davanagere.
The opportunity in enabling the small logistics players is significant with the country witnessing an explosion in logistics growth due to rapid economic growth, GST creating a single market, rapid urbanization driving last mile delivery and strong push to road building.
- Complete handling of accounting operations (Billing, Payroll, Accounts Receivable, Accounts Payable, Vendor Payments, General Ledger and Counsel, Cost Accounting and Revenue Recognition)
- Ensuring that all financial transactions are properly recorded, filed, and reported
- Statutory Compliance/Due Diligence - Ensuring all reporting is compliant with tax law and financial regulations
- Managing the audit process and liaising with external personnel as required
- Preparing and publishing timely monthly financial reports
- Cash flow managements
- Define standards and procedures for all the accounting processes in the company/region
- Development, implementation, and monitoring of internal controls
- Coordinate with operations teams to supervise and support business operations effectively
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