Artoo

lendingother lending

FOUNDING YEAR: 2010
LOCATION: India
Last Update: 01/05/2020

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About

Artoo is transforming banking for the underserved, using the power of mobile, cloud and Big data insights thru Artificial Intelligence and Machine Learning. Artoo is a intelligent Digital Loan Origination System that is nuanced with well-thought out process for the lenders to achieve better return of investment, productivity, lowered TCO and hence the topline growth.

MEDICI Analysis

Artoo is transforming banking for the underserved, using the power of mobile, cloud and data. Financial CRM solution enables banks get deeper into these markets and offer tailored financial products in a cost effective manner.

Focus

PRODUCTS & SERVICES

Lead Management, Loan Origination, Cash Flow Templates, Credit Bureau Integration through CRM solution. Helps financial institutions to reduce the leakage in excel and paper-based loan processing, reduces the risk and increases productivity.

REVENUE MODEL

Artoo follows success fee model where basis points of such is computed from the loan amount disbursed couple with product suite offered

MAIN CLIENTS

MSME lending

Micro finance lending and Ujjivan

IKP Centre for Technologies in Public Health (ICTPH)

Brighter India Foundation

Kinara Capital.

EXISTING PARTNERSHIPS

Samunnati - It's a Value chain finance institution which helps Artoo to serve more customers.

PRIMARY PROBLEM SOLVED

- Taking technology to the doorstep where the thin-file, unbanked, bottom of the pyramid people are to be served - Improve access to personal finances for individual use and also for SME businesses where getting unsecured & secured loans from the banking systems is not easy

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

COMMENT

Integration of multiple functions in a single system and simple design which increases user adoption.

Traction

VALUATION / MARKET CAP:

$3.33 M in 2015

REVENUE

0.0

NUMBER OF TRANSACTIONS:

100 K

TRANSACTIONS VALUE:

1.5 M

TRANSACTIONS COMMENT:

in excess of INR 100 crores per month disbursed. Monthly transaction volume has crossed a lakh in loan processing.

ACTIVE USERS:

450000

ACTIVE USERS COMMENT:

Borrower base

People

BOARD MEMBERS AND ADVISORS

P R Ganapathy

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Accion Labs

Rianta Capital

Villgro

COMMENT:

High performing team with financial innovation,constantly improving the product / technology to take the technology to the doorstep of the customers. Much nuanced product that helps the lenders in every flow of the lending process,economics of the lending itself.

Momentum

FUNDED

YES

TOTAL FUNDING

$49.6 K

DATE OF LAST FUNDING

2015

FUNDING SERIES

SERIES A  · $49.6 K  · Mar 2015

LISTED

NO

For Investors

FUNDING NEEDED:

$5 M

USES OF FUNDS RAISED:

1. Product Development

2. International Expansion

3. Team Expansion

4. Patents, Innovations

5. Product Development

6. International Expansion

7. Team Expansion

8. Patents, Innovations

EXIT STRATEGY

As defined and agreeable by both parties during funding round and business fit

MONTHS LEFT WITH CURRENT CASH BURN RATE:

6 months from 21 Mar, 2017

COMPETITORS:

Indussoft, Pune

Craft Silicon

Indussoft, Pune

Craft Silicon

BASICS

FOUNDING YEAR:

2010

LOCATION:

India

Views:

136 VISITORS | 236 VIEWS
LATEST FUNDING ROUND

$49.6 K

TOTAL EMPLOYEES
11-50

About

Artoo is transforming banking for the underserved, using the power of mobile, cloud and Big data insights thru Artificial Intelligence and Machine Learning. Artoo is a intelligent Digital Loan Origination System that is nuanced with well-thought out process for the lenders to achieve better return of investment, productivity, lowered TCO and hence the topline growth.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Artoo is transforming banking for the underserved, using the power of mobile, cloud and data. Financial CRM solution enables banks get deeper into these markets and offer tailored financial products in a cost effective manner.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

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Artoo

About

Artoo is transforming banking for the underserved, using the power of mobile, cloud and Big data insights thru Artificial Intelligence and Machine Learning. Artoo is a intelligent Digital Loan Origination System that is nuanced with well-thought out process for the lenders to achieve better return of investment, productivity, lowered TCO and hence the topline growth.

Focus

PRODUCTS & SERVICES

Lead Management, Loan Origination, Cash Flow Templates, Credit Bureau Integration, Peer Analysis, Flow based Lending, Tele calling, Multi-mode disbursement and collection.

REVENUE MODEL

Artoo follows success fee model where basis points of such is computed from the loan amount disbursed couple with product suite offered

TOP PROBLEM SOLVED

- Taking technology to the doorstep where the thin-file, unbanked, bottom of the pyramid people are to be served - Improve access to personal finances for individual use and also for SME businesses where getting unsecured & secured loans from the banking systems is not easy

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

Matured product in terms of the functionality but constantly evolving to serve the market with cutting edge technology, partnership ecosystem and non-traditional credit risk underwriting.

KEY DIFFERENTIATORS

- Big Data Analysis - Empowerment of the field force - Door step / High touchpoint mode - Opex model vs. Capax model - MSME focus

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

STRATEGIC CLIENTS AND PARTNERSHIP

Ujjivan : Client

RBL Bank : Client

Muthoot Fin Corp : Client

Annapoorna : Client

Grameen Koota : Client

People

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

TEAM COMMENT:

High performing team with financial innovation,constantly improving the product / technology to take the technology to the doorstep of the customers. Much nuanced product that helps the lenders in every flow of the lending process,economics of the lending itself.

BOARD MEMBERS AND ADVISORS:

P R Ganapathy

INVESTORS:

Accion Labs

Rianta Capital

Villgro

Momentum

FUNDED

YES

TOTAL FUNDING:

$1 M

LISTED

NO

FUNDING SERIES
Series A Mar 2015 --- USD500 K at a USD28 Mvaluation Comment on Series A Artoo is currently the 19th investment in Venture Lab’s portfolio. Venture Lab is a $10 million initiative dedicated to providing seed capital and management support to innovative startups expanding financial access to the poor and underserved. Venture Lab has a number of lending companies in its portfolio around the world, and coupled with Accion’s broader network of microfinance institutions and lenders, this most recent investment in Artoo opens up a range of synergies and opportunities for partnership across the portfolio, ultimately delivering greater access and value to the financially underserved.

Comment on Valuation

20-28 Million USD valued Accion Artha Initiative