IndiaLends help individuals, as well as small businesses, get unsecured loans. IndiaLends uses proprietary underwriting algorithms to build risk profiles of customers based on their bank transactions, utility payments, and the like.
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It offers different types of loans like personal loans, unsecured loans, installment loans and others where no guarantor is required.
Company aims to improve credit scoring techniques in the country and help more people get access to organized credit at better interest rates.
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IndiaLends provides value-add services such as big-data analytics, credit risk assessment & verification, and automated workflows for loan origination and management.
ACPI, AdvantEdge, DSG Consumer Partners, American Express, American Express Ventures,, Everstone Capital, Sameer Sain
IndiaLends has partnered with over 50 banks and non-banking financial institutions, a list that includes HDFC Bank, IIFL, RBL Bank and Bajaj. It claims to have disbursed loans worth an estimated Rs 500 crore and over 2 lakh credit cards. (July 2018)
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The company is planning to use the funds to achieve profitability at company wide level by FY-21. (July 2018)