Origa

lendingother lending

STATUS: Acquired/Merged
FOUNDING YEAR: 2013
LOCATION: India
Last Update: 17/07/2020

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About

ORIGA LEASING is India's first FinTech in asset leasing providing an highly innovative operating lease solution to high growth companies in India. With a core philosophy of access to finance, ORIGA Leasing provides complete Asset Life Cycle Management (ALCM) - right from selection of the asset to financing it to recycling it at the end of the tenure. It is a thought leader on "Financial inclusion at B2B level" and growth through capacity expansion. It provides a seamless technology platform right from application of the lease to recycling of the asset at the end of the tenure. It extends asset leasing solutions to enterprises that aim for business expansion. ORIGA puts more emphasis on innovation and futuristic business model. It thus acts as a growth engine for entities at all stages. ORIGA provides asset leasing solutions mainly in the areas of medical equipment and manufacturing machines. It also caters to equipment requirement of service oriented businesses.

MEDICI Analysis

Origa provides growth oriented financing to high growth unbanked companies with special focus on IMPACT sectors such as sanitation, waste management, renewable energy, education, job creating enterprises and affordable housing. In its asset leasing business, it provides assets on lease for companies to scale up and finally come into the banking gamut. Similarly venture debt provides critical working capital to companies to achieve and sustain growth initiatives.

Focus

PRODUCTS & SERVICES

Asset Life Cycle Management (ALCM), equipment/machinery leasing. Enables funding for unbanked and underbanked SME's and mid sized entrepreneurs.

REVENUE MODEL

Processing fee between 2-3% and lease fee depending on the cost of equipment, lease tenure and the credit appraisal.

MAIN CLIENTS

Business

COMMENT

Makes use of technology for almost all the business functions like customer acquisition and asset management.

People

FOUNDERS

Shrirang Tambe

NUMBER OF EMPLOYEES

11-50

INVESTORS:

500 Startups

ah! Ventures

Momentum

FUNDED

NO

TOTAL FUNDING

$1.1 M

DATE OF LAST FUNDING

Apr 2016

SEED & PRIOR FUNDING

$1.1 M

SEED CLOSED ON

Oct 2015

LISTED

NO

Innovation Programs

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