India, July 15 -- The Indian founder of a fintech startup valued at $1.2 billion has revealed that his home loan application was rejected because the bank classified entrepreneurs as a high-risk category. Pravin Jadhav, founder and CEO of Raise Financial Services, took to social media to muse about the irony of the rejection - noting that the same bank had felicitated him as a top fintech innovator not so long ago.

"Founder's life is hard! My home loan application got rejected by a top private bank - just because I am a founder," Jadhav said in his X post.

In October 2025, Raise - the parent company of stock trading platform Dhan - raised $120 million in a Series B round led by Hornbill Capital. The Mumbai-based fintech was valued at $1...