Investing Stage & Year
Series A
Series A, 2016
Founding Year
2012
Status
Exited
FinTech
ConsumerTech
Reimagining Credit Underwriting with Alternate Data in India
CreditVidya started as a SaaS business using proprietary underwriting technology to enable lending to the financially excluded citizens, typically those who lack collateral and credit history. Their AI and ML platformβMedhasβleverages payment data, financial behavioral data, and device data stored on smartphones to help determine loan applicantsβ ability and intent to repay loans. This allows lenders to make richer policy decisions, thereby reducing the overall portfolio delinquencies.
Why Did Kalaari Invest in Creditvidya/Cred?
CreditVidya is transforming credit assessment by using digital data to make lending faster, more affordable, and more accessible. After proving its platform with leading banks and financial institutions, we believe it will help accelerate Indiaβs digital credit ecosystem.
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