How Connected Lending Will Fix India’s Broken Credit Flow

In this episode of Backstage with Builders, I speak with Ashok Auty, a fintech builder who’s spent a decade creating lending products used by millions. We discuss the real problems in lending, why a connected platform matters, and the legal and product choices founders must make to scale responsibly.

Guest Info
Ashok Auty co-founded Finflux and helped grow it from a microfinance product into a platform adopted by top digital lenders—before it was acquired by M2P Fintech. He then led product and delivery across India and the Middle East. Today he’s building Lokta, a connected lending platform that unifies LOS, underwriting engines, partner integrations, collections, and co-lending into a single flow—designed to make lending collaborative, compliant, and effortless.

► Website - https://lokta.ai

► LinkedIn -   / ashok-auty  

👨‍⚖️ My Info
I’m Akhil Mishra, a Tech Lawyer for SaaS, IT, and Fintech founders.

Tech companies don’t fail because of code - they fail because of co-founder disputes, IP fights, legal landmines, and regulatory mess.

That’s what I help you avoid.

📱 My Socials

► Linkedin -   / itsakhilmishra  

► X - https://x.com/ItsAkhilMishra

► Substack - https://substack.com/@itsakhilmishra

► Youtube -    / @itsakhilmishra  

► Instagram -   / its.akhil.mishra  

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⏱ Timestamps

00:00 Introduction
01:02 What originally drew Ashok to the world of digital lending?
02:50 Belief that lending is really about access, trust, and possibility for him.
04:35 Lokta describes itself as India’s “connected credit infrastructure.”
06:57 Gap Ashok saw in the market
08:06 The way Lokta makes lending easier for both sides - borrowers and lenders
10:17 What’s changing behind the scenes that most consumers and even founders don’t see?
12:40 What do founders often underestimate when it comes to launching or scaling a lending product?
14:30 How founders should navigate speed vs compliance
15:53 What legal blind spots do early-stage founders often miss?
17:18 The smartest compliance decision a young fintech can make early in their journey
18:24 A moment where something went wrong that taught Ashok a lesson he still carries today
19:42 What’s 1 belief about lending or credit that Ashok wishes more founders questioned or challenged?
20:22 One final piece of advice to founders building in fintech today
21:40 Ending Notes

#Fintech #Lending #RegTech #FintechFounders #BackstageWithBuilders #Lokta