Namaste Credit, India’s driving AI-based credit disclosure stage for MSMEs today was declared the champ of 2019 SKOCH Order-of Merit Awards for its AI-based credit evaluation solution for banks and NBFCs.
The fintech startup has announced the victor during the 58th SKOCH Summit on 29th June 2019, with the hidden topic of ‘ModiNomics 2.0, Macroeconomic Agenda,’ at Constitution Club of India, Rafi Marg, New Delhi.
Namaste Credit has won the renowned honor with post of an exceptionally stringent assessment process while qualifying three parameters that are specifically reported to be Early Bird, Jury Evaluation and Popular Vote.
SKOCH Award was established in 2003 and is the most elevated non-military personnel respect in the nation presented by an autonomous association. It perceives individuals, undertakings, and establishments that go miles ahead to make India a superior country, particularly in the fields relating to governance, finance, banking, innovation and advancement, disaster management, economical matters and comprehensive development.
Namaste Credit was established in 2014 by Gaurav Anand, Lucas Bianchi and Krishnan Parameswaran. The startup has documented three licenses for its AI-driven innovation stage, that enables banks to diminish turnaround times for credit endorsement from three days to three hours.
Further, their innovation additionally prompts advance endorsement rates of 70% or above, which is most noteworthy in the business across the sector. They can accomplish this through pre-qualifying SMEs while making the use of Big Data and coordinating them to loan specialists while utilizing their exclusive calculations.
Namaste Credit brought $3.8 million up in Series A financing driven by Nexus Venture Partners in the year 2018. It likewise plans to develop the quantity of its innovation permitting associations with driven-banks worldwide.