Monsoon CreditTech, a New Delhi, India-based fintech company, raised a funding of undisclosed amount.
The round was led by HDFC Capital with participation from several existing and new investors including DMI Alternative Investment Fund – The Sparkle Fund, US based Top Shelf Equity Partners and prominent angel investors from across the globe including the likes of Vellayan Subbiah and Akash Bhanshali of the Enam Group.
The company intends to use the funds to further accelerate growth, and advance its capabilities in building proprietary machine learning technology.
Led by CEO Ashwini Anand, Monsoon CreditTech is a fintech company catering to large financial services companies, including Banks, NBFCs, HFCs and Fintech firms. Its Machine Learning Powered Predictive Models are used by lenders for various credit and risk use cases such as loan underwriting, risk assessment, cross-selling, customer attrition management, collections optimization and risk-based pricing. These model-powered scorecards enable lenders to grow their business and increase profitability by reducing loan delinquencies, increasing loan approvals, reducing turnaround time, improving cross-sell and lowering customer attrition.
FinSMEs
09/11/2022