Navi will simplify financial services, improve affordability: Sachin Bansal

Bansal added that it is the next 100 million or so users who have the means to grab the attention of the big banks and insurance companies

Flipkart co-founder Sachin Bansal on Thursday said he aims to simplify and improve accessibility and affordability of financial services for a billion users with his fintech venture, Navi.

"Our mission is to be able to simplify financial services for a billion users and make it accessible and affordable...we believe that currently, financial services are not simple enough, are not affordable and are not accessible," he said at the Global Fintech Fest 2020.

Bansal added that the cost of operations is very high, which gets passed on to the customers.

He also said the middle-class Indian is still under-tapped and does