Tag: Co-founder & CTO

Microsoft
Business, Technology

LenDenClub selected for ‘Microsoft for Startups’; aims to minimise NPAs and Frauds

Sep 24, 2021 by Rekha Nair 0 Comments #Bhavin Patel, #Co-founder & CTO, #Dipesh Karki, #Founder & CEO, #LenDenClub

Mumbai: LenDenClub, India’s leading Peer-to-Peer(P2P) lending company, announced its induction into ‘Microsoft for Startups’, a global program dedicated to accelerating the growth trajectory of high-potential start-ups. The engagement will help LenDenClub leverage Microsoft’s technology and innovation to build a robust tech ecosystem and reduce NPAs to less than 1%. This comes at a time when LenDenClub has been consistently achieving the lowest NPAs in the industry. Additionally, the technology-backed program will aid in further accelerating the company’s future growth plans in expanding its market footprint whilst tackling operational bottlenecks including frauds.

‘Microsoft for Startups’ is a global initiative by Microsoft that helps tech startups develop and scale their organisation. It recognises companies that offer a ground-breaking tech-backed solution to help customers transform digitally.

LenDenClub will use Microsoft Azure’s comprehensive machine learning (AI/ML) capabilities to reach a wide-scale audience in a short time, with built-in redundancy and security. Apart from technology, the platform will provide us an access to network companies of Microsoft, spread across the country and globe for collaborations besides mentorship and business support.

Speaking on the occasion, Bhavin Patel, Founder & CEO, LenDenClub, said, “We’re honoured to be among such a select group of companies from around the world chosen to join the ‘Microsoft for Startups’ program, and we plan to leverage this excellent opportunity to its fullest. This recognition comes in at a critical juncture, as we are preparing to transition to a new growth phase. In our journey so far, on the back of innovative technology and expertise, we have transformed ourselves into a revenue generator. As we grow and evolve we aim to leverage technology optimally to further accelerate the financial inclusion agenda to support borrowers with hassle-free loans, even in the remotest parts of the country, besides offering a new-age investment option for investors.”

Speaking on the occasion, Dipesh Karki, Co-founder & CTO, LenDenClub, said, “It is a motivational moment for us. Accessing Microsoft’s high-end technological capabilities, including AI and ML, will accelerate our systems. The benefits of the program are remarkable. With its usage, we aim to provide an experience to our customers and partners. Our tech infrastructure will get further strengthened from any frauds or data breaches with our collaboration.”

LenDenClub, over the years, has reflected steady & consistent growth that has led to the selection for the program. The P2P lending platform that offers a host of technology backed innovative solutions has witnessed exponential growth and achieved many milestones since its inception. The platform has witnessed 16X growth in its lending activity, which has grown from 60 crores of annual disbursals in FY20 to 1,000 crores in the current year. It is the only company to become profitable in the P2P lending space. Additionally, in the financial year 2020-21 alone, it crossed more than 500 crores of loan disbursements. Additionally, it expanded its flagship digital lending platform InstaMoney to pan-India, available across all 19,000 pin codes. The company has one of the lowest NPA in the unsecured digital lending space at 3.95% as of March 31st 2021.

Qoruz launches an exclusive program Qoruz for agencies
Business, News

Qoruz launches an exclusive program Qoruz for agencies

Jul 2, 2021 by Rekha Nair 0 Comments #Co-founder & CEO, #Co-founder & CTO, #Praanesh Bhuvaneswar, #Prabakaran

Bengaluru – Qoruz, India’s leading Influencer Search Engine, has launched an exclusive program “Qoruz for agencies” for the marketing agencies. With this, Qoruz aims to equip the agencies with data and automation-led tools and resources and help them set up centralized influencer marketing operations, at no cost. Agency professionals who are registered with the program can get full access to 2,74,711 Influencers in the ever-growing base of influencers, and also enlist and onboard their team. Added to that, whitelisted agency teams get early access to Direct Influencer Reachout & further features that are deployed exclusively.

To activate influencer marketing campaigns quicker, without having to scrum through Google or social media, Qoruz had earlier launched “Qoruz Search”. Qoruz Search enabled marketers quick access to influencers, throwing larger results that were beyond regularly used influencers across different niches and categories.

Praanesh Bhuvaneswar, Co-Founder & CEO, said “As a part of our ongoing efforts to build a seamless platform for marketers, we have launched this program. We aim to empower agencies across Social, Digital and PR specializations, to communicate and engage with influencers independent of third-party vendors and thus unlock more value with tighter engagements.”

With this streamlined program, agency personnel who are getting white-listed access will realize an improved overall experience such as:

Full Access to over 2,74,711 Indian influencers from 100 categories and million topics

Connect and reach-out to influencers directly

Collaborate and work with their teams to co-create Influencer plans and campaigns

Get access to 100+ curated influencer lists across genres including finance, parenting etc.

“For agencies working with multiple clients across different industries, a one-size-fits-all approach may not work for client’s influencer campaigns. Finding the right influencers seems to still be a daunting task for professionals! Our goal is to build the software ecosystem that forms the base of all campaign planning and influencer engagements, by enabling quicker connections. Over time, the features built around the Qoruz Agency Access, will enable teams to operate and plan campaigns, without having the need to pick up the phone, and dial a vendor or maybe even an influencer!”, commented Prabakaran, Co-Founder & CTO.

To avoid influencer data breach, Qoruz team verifies the agency and white-lists the teams to get the “Agency Access” to the entire team. The team promises to get an agency verified in less than 5 mins and unlock the full potential of the Qoruz platform.

News

Mitron TV founders launch Video Editing app MontagePro

Jun 16, 2021 by Rekha Nair 0 Comments #Anish Khandelwal, #Co-founder & CTO, #Mitron TV, #Rumit Anand, #VP of Product

Bengaluru: The founders of Mitron TV, one of India’s leading short format video app, haveMitron TV founders launch Video Editing app MontagePro launched an advanced video editing application, ‘MontagePro’. The video editing application has been primarily designed for content creators offering premium video editing services for free. The app includes more than 300 premium effects and filters and enables creators to export videos at 60 FPS HD without watermarks. MontagePro is available globally on Google Play and has crossed over 500K downloads.

Key app features:Mitron TV founders launch Video Editing app MontagePro
• Videos can be exported without watermarks
• Supports custom export settings
• PiP (Picture-in-Picture) feature
• Users can upload the edited videos directly on social media platforms through the app
• Voice modulation

Targeted at budding and advanced content creators as well as editors, the free all-in-one video editing app offers superior features that are clutter-free with a simple UX and UI for first-time creators and advanced features and effects for skilled creators. The easy to install application provides unique features like PiP (Picture-in-Picture) that allows users to embed another video in a section of their primary video clip, enabling users to upload the same video to multiple social media handles without disrupting the original resolution.

Moreover, users can add custom watermarks of their own from an existing image file while controlling the size, angle, and opacity or export and download videos without any watermark. While exporting the videos, users can choose the desired aspect ratios. The app’s music library comprises trending sound effects to suit all kind of moods & occasions with volume control settings. The app is designed to meet the smallest needs of creators and editors such as trimming, filters, adding text, blur, doodling, speed control, beauty controls, sticker support, amongst others. In addition to high-quality, exclusive features, MontagePro is looking to expand its asset library such as filters, effects, new text styles, and updating the existing music library.

Commenting on the launch of the application, Anish Khandelwal, Co-founder & CTO, Mitron TV, said, “Our aim as a UGC platform is to keep up with advanced technology and on-demand requirements. With our keen focus on building the creators’ ecosystem, all our efforts have been and will continue to be directed towards developing technology solutions for the creator community. There are multiple video editing apps, but when a creator or editor edits a video, he has to pay for several features. We believe that a creator should be given unique opportunities to showcase their creativity. Hence, all the features of MontagePro come for free and it is a one-stop destination for all video editing needs. With MontagePro, we aim to serve the global market by tailoring and simplifying editing tools to meet today’s growing user needs.”

Commenting on the launch of the application, Rumit Anand, VP of Product, Mitron TV said, “The growing demand for video content has compelled content creators to go mobile-first, and with MontagePro we see an opportunity to be strong enablers of this evolving ecosystem”.

He further added, “Since the beginning, our primary goal has been to translate complex editing into simple and usable features that anyone can use. MontagePro was thus created to serve the entire creator ecosystem, from novice to advanced creators. The video editor is at par with global standards and offers custom export settings for easy sharing, as well as the option to customise or completely remove a watermark.”

Digital transformation has continued to drive all industries in the last one year. As per the latest LinkedIn’s ‘Jobs on the rise’ list, content creation is becoming an increasingly popular career for young creators as the demand for local and relevant content is growing. With the increased consumption of content, the MontagePro app from the makers of Mitron TV will help empower and simplify the entire editing process with its avant-garde technological features that will benefit the creator’s community.