Fintech Startup Raising Funds In Bangalore
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Product / Service
â— Omni-channel Recovery Platform: Seamlessly integrates with any Loan Management System (LMS), allowing lenders to automate recovery workflows tailored to their unique portfolios.
â— Human-like AI Voice Bot: Our Voice Bot is trained to operate like a real collection officer. It handles borrower communication with empathy and effectiveness, creating a more seamless and humanized engagement experience.
â— Uber-like Field Intervention : This on-demand field agent platform deploys 1,000+ agents to tackle in-person recovery operations. With a vast network of agents, lenders can access highly efficient field intervention without the usual logistical headaches.
Clientele type
They provide services to various lenders.
Premises
The premises are leased.
Asking Price Includes
The terms of transaction will be discussed with potential investors.
Asking Price
INR 4.00 Crore
Minimum ticket size
INR 500,000 (INR 5.00 Lac)
Reason
The funds will be utilized in upgrading the technology, team, and sales.
Other Details
Journey and Milestones:
â— Launched in August 2023: We kicked off with two fintech clients who immediately saw the potential in automating their recovery processes.
â— Uber for Field Intervention Platform (November 2023): By November, we launched our on-demand field agent network, revolutionizing the way lenders engage with borrowers for physical recovery.
â— 100K Borrowers Reached (January 2024): Rapid adoption of our services led to a significant milestone, engaging 100,000 borrowers within just a few months of operation.
â— SaaS Platform Launch (February 2024): Expanding further, we launched a full SaaS platform to make it easier for lenders to integrate and automate their debt recovery operations.
â— AI Voice Bot "Chakra" (May 2024): Our voice bot, Chakra, was launched in mid-2024, offering lenders a scalable, AI-powered solution to borrower engagement.
â— 300K Borrowers (August 2024): We hit 300,000 borrowers on the platform, showcasing the strength and scalability of our solution.
â— 10+ Lenders Onboard: This includes large NBFCs, private banks, and fintech firms that are actively using our platform to improve their recovery efficiency.
Revenue Growth:
Our platform has seen rapid growth, with a clear path to achieving substantial revenue targets. We raised $100K in March 2024 at a $2M valuation and are now positioned to reach $150K per month in revenue by the end of FY 2024-25, setting the stage for an annual revenue of $4M in FY 2025-26.
The Team Behind the Vision:
The founders bring a wealth of experience from top-tier institutions and leading fintech companies:
â— An IIT Roorkee '14, Former leadership at Wheelseye, with over 7 years of retail lending experience and 10 years in the fintech space.
â— An IIT Roorkee '15, Another key player from Wheelseye, who has scaled distribution-led businesses, including Fastag and GPS, and has deep expertise in transactions platforms.
â— An IIT Roorkee '15, A serial entrepreneur who has built early-stage companies like Sociohub and Equiphunt and well-versed in creating operationally efficient businesses.
Business Tags
₹10 to ₹200 Cr
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