openPR Logo
Press release

Steady growth of LoanAdda

03-19-2019 04:06 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from:

India's leading Fintech firm LoanAdda

India's leading Fintech firm LoanAdda

India’s leading Fintech firm LoanAdda, started in 2015 as a startup and incorporated latest technological advancements with financial processes, affirming its mission to provide access to credit for unbanked customers and improve the poor guidance in facilitating loans.
LoanAdda uses technology as a means to create value in the financial market. It uses big data analytics and artificial intelligence to connect borrowers to an appropriately matched lender, using a personalized approach at each step to simplify the consumer experience. LoanSwift (LoanAdda’s proprietary software) is based on AGILE methodology which has built in modules and can take more than 2,000 data points including both traditional and non-traditional parameters.

Due to LoanAdda’s focus on new to banking sectors, the company revolutionized the industry by having 4 consecutive years of fully profitable business model. The company works on a Co – lending model using its proprietary software LoanSwift to underwrite loans and provide First Loss Deficit Guarantee to its partner NBFCs / Banks. Today origination alongwith evaluation of the borrower in real time digitally is key to a higher conversion ratios and hence lower cost per lead. A combination of Technology and execution skills makes LoanAdda stand out for its business model.

With over of 17 years of experience in sectors ranging from Banking, Consulting, Retail and Venture Capital, Anshuman Mishra, the brain behind this brand LoanAdda’s CEO says Anshuman Mishra says, "Technology is an enabler to service the customer needs of getting access to credit in the first place, pricing it based on risk adjusted return on capital and a multivariate digital model of evaluating a customer’s digital footprint combined with last mile connect with the consumer”.
“LoanSwift doubles itself as a CRM, front end face of website and app, credit underwriting algorithm to enhance the probability of a customer landing on its site for a loan enquiry “. LoanSwift analyzes vast amounts of non-traditional credit data to increase loan approval rates and reduce the risk of credit decisions, particularly for millennial who are mostly accessing credit for the first time. It is the only machine learning platform developed specifically for credit underwriting. The platform uses an algorithm to analyze data points to provide a better understanding of all potential borrowers. It reduces the risk of credit decisions.

LoanAdda is an online leading aggregator of financial products and services. It algorithmically stratifies lenders with borrowers in the bottom of the pyramid. Being a financial technology company, we enhance the probability of loan for under banked consumers by filtering customer data points with lender’s parameters and finds the right fit.

Noida sector 16 , 201301

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Steady growth of LoanAdda here

News-ID: 1660865 • Views: 248

More Releases for LoanAdda

Online Loan Aggregator Market Next Big Thing | Major Giants Credit Sesame, Credi …
The Online Loan Aggregator Market has witnessed continuous growth in the past few years and is projected to grow even further during the forecast period (2019-2027). The assessment provides a 360° view and insights, outlining the key outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions for improved profitability. In addition, the study helps venture or private players in understanding
Online Loan Aggregator Market Next Big Thing | Major Giants Fundera, RateSetter, …
Latest released the research study on Global Online Loan Aggregator Market, offers a detailed overview of the factors influencing the global business scope. Online Loan Aggregator Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Online Loan Aggregator. The study covers emerging player’s data, including: competitive
Online Loan Aggregator Market May See a Big Move : Major Giants Fundera, LoanAdd …
Online Loan Aggregator Market Comprehensive Study is an expert and top to bottom investigation on the momentum condition of the worldwide Online Loan Aggregator industry with an attention on the Global market. The report gives key insights available status of the Online Loan Aggregator producers and is an important wellspring of direction and course for organizations and people keen on the business. By and large, the report gives an inside