Tag: RevFin

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Business World

Top 5 Startups Fueling Innovative Financial Inclusion Solutions in India

Apr 24, 2021 by Neel Achary 0 Comments #Capital Float, #Crediwatch, #Innovative Financial Inclusion Solutions in India, #Lendingkart, #RevFin, #Top 5 Startups, #WonderLend Hubs

Financial inclusion is considered as a new socio-economic concept in India that strives to revolutionize the dynamism of financial services in terms of cost and affordability. It gives a ray of hope to unbanked and underbanked communities by rendering access to formal financial services. Hence, financial inclusion has the power to put out the solid wave of revolution of growth and prosperity in the country. In this tech-savvy world, there is an imperative need to lubricate the financial system for the betterment of the citizens. In such a scenario, here are 5 startups that are tirelessly contributing in financial inclusion through their innovative solutions –

  1. CrediWatch – Crediwatch (CW) is a digital trust platform that has demonstrated multifarious use cases for the likes of large public sector banks to boutique corporate firms to small-scale industrial units. CW is an industry-defining AI/ML-powered company that operates in the space of business analytics, credit risk intelligence, and insights on businesses. CW is driven by its mission to solve for: 1. Financial inclusion of small and medium enterprises (SMEs) 2. Removing barriers to trade and credit 3. Building trust and transparency in business.
  2. Revfin– Striving to work towards improving financial inclusion in India, RevFin (RevFin Services Private Limited) is an advanced digital consumer lending platform that makes getting a loan convenient and accessible to all individuals. The fintech platform has its own NBFC to issue the loan amount using non-traditional data and the three key techniques – Biometrics, Psychometrics and Gamification.
  3. WonderLend Hubs– Founded by Ram Ramdas, Anusha Jathanna and Rajesh Iyer, serial entrepreneurs and industry leaders with 80 years of cumulative experience across the banking, financial and software sectors, WonderLend offers a credit gateway solution to enable zero-friction credit assessment of the rurban and new-to-credit population, through its B2B2C digital lending hub platform.
  4. Lendingkart– Lendingkart Finance Limited (formerly Aadri Infin Limited), is a non-deposit taking NBFC, providing SME lending in India. The Company aims to transform small business lending by making it convenient for SMEs to access credit easily. The Company uses technology and analytics tools, analyzing thousands of data points from various data sources to assess the creditworthiness of small businesses rapidly and accurately.
  5. Capital Float– Capital Float is the pioneer of digital lending in India. The company leverages technology and big data analytics to deliver innovative credit products to businesses and individuals across the country. Through its proprietary digital loan underwriting and origination expertise, it has been able to deliver financing solutions to vast sections of the economy traditionally underserved by large financial institutions.
Sameer Aggarwal, the Founder and CEO of RevFin
Business World

Digital lending platform RevFin bags the certification of ‘Great Place to Work’ in 2021

Apr 22, 2021 by Neel Achary 0 Comments #an advanced digital consumer lending platform, #RevFin, #Sameer Aggarwal, #the Founder and CEO of RevFin

New Delhi, April 22, 2021:: RevFin, an advanced digital consumer lending platform that can underwrite financially excluded and underserved segments, announced that it is now certified as a Great Place to Work- under 100 employees category. The certification comes during its period of growth for the Revfin team as they were working remotely for the most of last year due to the pandemic.

Using validated employee feedback gathered with Great Place to Work’s rigorous, data-driven “For All” methodology, the Certification confirms that the fintech company successfully completed the assessment conducted by Great Place to Work –India with a trust index score of 93.

Speaking on the announcement, Sameer Aggarwal, the Founder and CEO of RevFin said, “We are thrilled to be a certified Great Place to Work ™ company. Promoting a high performance culture, team work and mutual respect are a big part of who we are. Our team is our biggest asset as we build the world’s most advanced lending platform. It is encouraging to see the level of engagement from our team and for that to be validated using a globally renowned methodology”.

Great Place to Work® Certification is the most definitive ‘Employer-of-Choice’ recognition that organizations aspire to achieve. The Certification is recognized world over by employees and employers alike and is considered the ‘Gold Standard’ in identifying and recognizing Great Workplace Cultures. Every year, more than 10,000 organizations across 60 countries apply to get Great Place to Work–CertifiedTM. The participating organizations are assessed through two lenses; Trust Index© and Culture Audit©. On meeting the qualifying criteria, the companies are certified as a Great Place to Work for a period of 1 year. Its methodology is deemed as rigorous and objective and is considered as the gold standard for defining great workplaces across business, academia, and government organizations.

About RevFin

Striving to work towards improving financial inclusion in India, RevFin (RevFin Services Private Limited) is an advanced digital consumer lending platform that makes getting a loan convenient and accessible to all individuals. The fintech platform has its own NBFC to issue the loan amount using non-traditional data and the three key techniques – Biometrics, Psychometrics and Gamification. Incepted in 2018 by Sameer Aggarwal, RevFin was established to enable financing of electric three-wheeler loans in Tier 3 and Tier 4 towns, considering that EVs were in huge demand yet highly-priced.

Currently serving the EV consumer segment pan India with major operations across UP, Bihar, Haryana, Punjab, Rajasthan, Delhi, Jharkhand, Madhya Pradesh and West Bengal, the Delhi-NCR-based digital lending platform plans to stay focused on this industry looking at the bigger opportunity and its potentially high scalability. It aims to fund 80,000 electric vehicles in the coming 3 years and scale to one more segment of loans as the first-ever platform using new technologies and selling its services to other lenders. Being the sole player in the digital lending category for the early wave of EV customers in Tier 3 and beyond, RevFin eventually envisions providing new-to-credit and financially-excluded individuals convenient and accessible loans digitally.