Tag: SmartCoin

Rohit Garg, Co-Founder & CEO, SmartCoin
Business World

SmartCoin achieves glory at NASSCOM EMERGE-50 awards 2020 as the best fintech platform

Dec 22, 2020 by Neel Achary 0 Comments #Co-founder & CEO, #Rohit Garg, #SmartCoin

New Delhi: SmartCoin, India’s first fully-automated next-gen mobile app-based consumer lending platform has won the fintech category at the annual NASSCOM Emerge-50 Awards 2020. The enterprise has been focused on providing financial access to the millions of self-employed micro-entrepreneurs, micro-merchants and middle/lower-income salaried individuals using alternative credit assessment aided by data science and machine learning since inception.

SmartCoin’s efforts in serving the hitherto underserved segments of our society and fulfilling their aspirations to a better life were deeply lauded by NASSCOM (The National Association of Software and Service Companies), the trade association of Indian Information Technology and Business Process Outsourcing companies. The financial revolutionaries dedicated to serving the underserved emerged amongst the top 6 Fintechs in the Emerge 50 class. As the tech affinity of NASSCOM is well-established across the country, the award emphasizes Smartcoin’s unwavering commitment and quality towards delivering meaningful deep tech resolutions in the financial space.

Every year, NASSCOM assesses over 500 companies to select the very best of the Indian finance and fintech Industry. Emerge 50 is one among India’s most coveted & influential awards in the technology space. The awards are synonymous with enterprises that reflect high caliber and innovative software products. Many companies who have been felicitated at the awards have even gone on to become unicorns.

With an adept team of more than 30 professionals, SmartCoin Financials is on a mission to cater to a wide spectrum of ‘Emerging India’ with a heightened focus on serving the financial needs of a vastly underserved middle and lower-income segment that consists of over 300 million micro-entrepreneurs, micro-merchants, aspiring professionals and blue/grey-collar workers.

The company has been supported by reputed fintech investors like LGT Lightstone, Accion, etc. SmartCoin has also received substantial recognition for its efforts at national events like Google’s Launchpad Accelerator as well as international ones such as Global Inclusive50 by MetLife, VISA, IFC, etc.

SmartCoin aspires to bridge this extant gap by optimizing its state-of-the-art tech-platform and enable credit access for emerging India by arranging & digital collateral on the basis of user-generated phone data that can effectively reflect user behavior. Its proprietary digital platform adeptly harnesses this alternate source of data to provide instant credit possibilities to the underserved segments of the nation. The newly-found access to formal credit will benefit over 300 million people from the lower end of the socio-economic spectrum by providing them with a slew of empowering prospects that can enhance their lives via financial inclusion.

Speaking on their triumph, Rohit Garg, Co-Founder & CEO, SmartCoin said, “We are immensely proud and grateful to win this award. The recognition achieved by our company is a testament to the contribution of SmartCoin in disrupting the financial space by extending innovative fintech-driven solutions that are making access to digital credit and financial inclusion a reality. Going beyond mere profitability and business commencement, our team has shown unwavering dedication towards improving the financial condition of countless underserved MSMEs, micro-businesses, and local merchants. By underlining the need to provide urgent credit access to the hugely underserved middle-income and lower-income groups and raising user awareness, SmartCoin endeavors to ride the next wave of Indian growth.”

By the neglected segments of the Indian population has been highly scalable and efficient as the company has managed to register an over 20% month-on-month growth. In the next few years, SmartCoin Financials will prepare itself to achieve the next phase of targeted exponential growth and envision reaching more than 50X-60X of its present performance levels.

SmartCoin achieves glory at NASSCOM EMERGE-50 awards 2020 as the best fintech platform
News

SmartCoin achieves glory at NASSCOM EMERGE-50 awards 2020 as the best fintech platform

Dec 21, 2020 by Rekha Nair 0 Comments #Co-founder & CEO, #Rohit Garg, #SmartCoin

New Delhi: SmartCoin, India’s first fully-automated next-gen mobile app-based consumer lending platform has won the fintech category at the annual NASSCOM Emerge-50 Awards 2020. The enterprise has been focused on providing financial access to the millions of self-employed micro-entrepreneurs, micro-merchants and middle/lower-income salaried individuals using alternative credit assessment aided by data science and machine learning since inception.

SmartCoin’s efforts in serving the hitherto underserved segments of our society and fulfilling their aspirations to a better life were deeply lauded by NASSCOM (The National Association of Software and Service Companies), the trade association of Indian Information Technology and Business Process Outsourcing companies. The financial revolutionaries dedicated to serving the underserved emerged amongst the top 6 Fintechs in the Emerge 50 class. As the tech affinity of NASSCOM is well-established across the country, the award emphasizes Smartcoin’s unwavering commitment and quality towards delivering meaningful deep tech resolutions in the financial space.

Every year, NASSCOM assesses over 500 companies to select the very best of the Indian finance and fintech Industry. Emerge 50 is one among India’s most coveted & influential awards in the technology space. The awards are synonymous with enterprises that reflect high caliber and innovative software products. Many companies who have been felicitated at the awards have even gone on to become unicorns.

With an adept team of more than 30 professionals, SmartCoin Financials is on a mission to cater to a wide spectrum of ‘Emerging India’ with a heightened focus on serving the financial needs of a vastly underserved middle and lower-income segment that consists of over 300 million micro-entrepreneurs, micro-merchants, aspiring professionals and blue/grey-collar workers.

The company has been supported by reputed fintech investors like LGT Lightstone, Accion, etc. SmartCoin has also received substantial recognition for its efforts at national events like Google’s Launchpad Accelerator as well as international ones such as Global Inclusive50 by MetLife, VISA, IFC, etc.

SmartCoin aspires to bridge this extant gap by optimizing its state-of-the-art tech-platform and enable credit access for emerging India by arranging & digital collateral on the basis of user-generated phone data that can effectively reflect user behavior. Its proprietary digital platform adeptly harnesses this alternate source of data to provide instant credit possibilities to the underserved segments of the nation. The newly-found access to formal credit will benefit over 300 million people from the lower end of the socio-economic spectrum by providing them with a slew of empowering prospects that can enhance their lives via financial inclusion.

Speaking on their triumph, Rohit Garg, Co-Founder & CEO, SmartCoin said, “We are immensely proud and grateful to win this award. The recognition achieved by our company is a testament to the contribution of SmartCoin in disrupting the financial space by extending innovative fintech-driven solutions that are making access to digital credit and financial inclusion a reality. Going beyond mere profitability and business commencement, our team has shown unwavering dedication towards improving the financial condition of countless underserved MSMEs, micro-businesses, and local merchants. By underlining the need to provide urgent credit access to the hugely underserved middle-income and lower-income groups and raising user awareness, SmartCoin endeavors to ride the next wave of Indian growth.”

By the neglected segments of the Indian population has been highly scalable and efficient as the company has managed to register an over 20% month-on-month growth. In the next few years, SmartCoin Financials will prepare itself to achieve the next phase of targeted exponential growth and envision reaching more than 50X-60X of its present performance levels.

News

5 companies that have helped MSMEs/SMEs to thrive in the year 2020

Dec 17, 2020 by Rekha Nair 0 Comments #Crediwatch, #Lendingkart, #MSMEs, #SmartCoin, #TradeIndia, #Udaan

India’s Micro, Small, and Medium Enterprises (MSMEs) is the second largest in the world and are considered as the backbone of the Indian economy. The pandemic hit the economy and caused liquidity crunch in the market. MSME sector faced the most challenging time due to lack of funds and labour as a result of which a lot of MSMEs had to pause or discontinue their business. The government had taken necessary decisions and addressed these solvency issues by announcing stimulus package and loan moratorium, which has helped the MSMEs to stay afloat in the otherwise difficult times. Apart from this, there are companies that are also lending a helping hand to support the MSMEs and bridging the market gaps.

Crediwatch

Crediwatch is a ‘Data Insights-as-a-service’ company that provides lenders, businesses with actionable credit intelligence on private entities they need to improve trust and increase their lending and trading activity. Crediwatch does this with no human intervention by deploying the latest practical AI and technology tools that provide the most reliable comprehensive real-time inputs.A bank only looks up 200 of data points while considering the decision for a loan. On the other hand, Crediwatch picks up data from 25,000 different points which is the highest in the industry from already existing information in the regulatory framework. The intelligence can further be deployed for risk management and analysis, due diligence and in future can be used for providing ‘TrustScore’ for MSMEs who are new to credit.

Smartcoin

SmartCoin Financials is India’s first fully-automated next-gen Fintech company aiming to address the credit requirements of self-employed micro-entrepreneurs, micro-merchants and middle/lower-income salaried individuals by leveraging advanced data science and Machine Language algorithms. The platform intends to serve the hitherto under-served customers through a comprehensive digital interface across India. SmartCoin aspires to bridge the gap of financial inclusion of ‘Bharat’ by optimizing its state-of-the-art tech-platform and enable credit access for emerging India by arranging “digital collateral” on the basis of user-generated phone data that can effectively reflect user behavior. Its proprietary digital platform adeptly harnesses this alternate source of data to provide instant credit possibilities to the underserved segments of the nation. This newly-found access to formal credit will benefit over 300 million people from the lower end of the socio-economic spectrum by providing them with a slew of empowering prospects that can enhance their lives via financial inclusion.

Lendingkart

LENDINGKART is a fin-tech startup in the working capital space. The Company has developed technology tools based on big data analysis which facilitates lenders to evaluate borrower’s credit worthiness and provides other related services.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.

Tradeindia

Tradeindia is India’s largest online B2B marketplace, connecting buyers and suppliers. Their mission is to help SMEs go Digital. Now more than ever, company is committed to provide SMEs with the resources they need to take their businesses online. As the shift from offline to online accelerates, during these times companies are being asked to do more with less. Tradeindia client Relations team helps SMEs with tools to digitize their business operations and make your business future-ready.

Udaan

Udaan is a Business-to-Business (B2B) ecommerce platform, designed to solve core trade problems for small, medium and large businesses across India. It is the largest such national distribution platform of its kind enabling retailers and businesses to source merchandise from manufacturers, brands, white labels, importers etc. on a single platform. udaan brings to users the power of technology to grow their business.The easy-to-use app gives them the power to BUY & SELL on their terms with secure payments and hassle-free logistics,GROW their network through access to new regions and customers for brands, manufacturers and marketing & sales support for retailers and businesses,DISCOVER customers, suppliers and products across multiple categories, CONNECT directly with sellers and interested buyers to discuss trade.

loan
Business World

Worried about month-end expenses? Here are Top 5 micro-lending platforms to avail the short-term credit loans as per your requirements

Nov 25, 2020 by Gouri Achary 0 Comments #Happy Loans, #KreditBee, #micro-lending platforms, #MoneyTap, #month-end expenses, #short-term credit loans, #Shubh Loans, #SmartCoin

Are you worried about the month-end expenses already because you have to pay important bills or a sudden expense came up and you are low on funds? The first instinct may be to ask family or friends and if the amount is quite high, you could decide to apply for a bank loan. But now micro-lending platforms are offering instant loans with competitive interest rates and tenure durations. Applying for a loan with these fintech companies isn’t just easy but also quicker than traditional options like banks. Hence, we have curated a list of the Top 5 micro-lending platforms to help you choose a loan by comparing and selecting the best loan as per your requirement.

1. SmartCoin– SmartCoin is India’s first fully-automated next-gen Fintech company aiming to address the credit requirements of innumerous self-employed micro-entrepreneurs, micro-merchants and middle/lower-income salaried individuals. At SmartCoin, anyone can avail loan from Rs. 1000 – up to 25,000 with a tenure of 91 days to 120 days. Through SmartCoin, you can avail instant repeat loans as it also improves the credit history of the customer by allowing them to get higher loans later if the initial loan is repaid on time. Customers get a bank transfer once they finish filling all details within a few hours on its app. It also offers its customers completely paperless transactions. SmartCoin also offers the Flexi-loan and repayment schedule options to its customers as well.

2. MoneyTap– MoneyTap is a Bengaluru-based fintech company. It disrupted the digital lending business by offering lines of credit in the form of personal loans for consumers, in partnership with RBL Bank. It recently received an NBFC licence, which they intend to use to enter into co-lending space with their lending partners. This allows them to offer better interest rates to customers. MoneyTap has been offering quick collateral-free personal loans to borrowers since 2016. One of its notable features is that it has a very simple documentation process for getting a personal loan. The mobile app also allows you to keep track of all the borrowings.

3. Shubh Loans: Shubh Loans- a Bengaluru-based fintech startup which is a lending app that is helping a growing number of salaried employees (starting from 12K) in getting a loan of up to 5 Lacs with a long term (up to 4 years) EMI tenure. The smart credit model deviates from the traditional model (where the individual’s repayment capacity is the sole criteria) and replaces it with the Shubh Loans credit model (which analyzes repayment capacity of and intention-to-pay by the individual.

4. Happy Loans: Happy assess over 1,000 variables about the merchants to underwrite their micro-business. Its credit model is based on the merchant’s level of business engagement with the partner, his behaviour towards borrowing, APIs, demographics, and business trends. If the merchant is doing healthy business with the partner, he/she is likely to get a big credit line from Happy Loans. Promising a unique borrowing experience to Indians, Happy Loans provides customised loan offerings to the micro-enterprises’ owners to meet their specific demands. It even offers micro business loans that start as low as Rs 2,000 for the duration as minimum as 30 days.

5. KreditBee– KreditBee is an instant personal loan app for young professionals. You can get a loan of up to ₹ 1 Lakh. The loan process is 100% online. The disbursement is done within 15 mins, and the amount is directly credited to your bank account. Launched two years ago, KreditBee is an Instant Personal Loan platform for self-employed and salaried professionals. They can apply for Personal loans starting from Rs 1,000 up to Rs 2 Lakhs as per their requirement. The documentation required is very minimal, and the entire process – starting from registration on our app to loan disbursement does not take more than 15 minutes. They offer Flexi Personal Loans that are the smaller ticket size loans ranging from Rs 1,000 to Rs 10,000, to suffice the needs of salaried and self-employed for small expenses or unexpected emergencies, as also an essential infusion from much-needed funds during cash crunch at the end of the month.