FundsTiger: Leveraging Technology and Data for Fast Loans to People & Businesses
(L to R)Neelam Dwivedi, Co-Founder & CEO, Vikram Verma, Co-Founder&CTO
Manju Tripathi, VP, Credit and Sanctions & Shrinivasa.H.Bhat, Chief Credit and Risk Consultant
Optimistic about the future, Bangalore -based Funds Tiger.com has taken charge and built a fortress in the financial ecosystem. Launched on Republic Day,26th January 2016, the company started to democratize finance for all Indian citizens by revolutionizing the way unsecured loans are being delivered to MSMEs and Retail borrowers.
"When it comes to making good credit worthiness judgments, there is a bit of a slack in the banking system,” asserts Neelam Dwivedi,Co-Founder & CEO, Funds Tiger. Often, Banks provide loans to people who belong to a higher status of the society and already have collaterals. Banks fail to cater to service sector, SME owners and
FundsTiger is the first FinTech Company to have integrated GoI DigiLocker. FundsTiger generates Bank Statement Analysis and Automated Credit Reports within seconds, leveraging mainstream and alternative signals with outlier detections and early warnings. FundsTiger automates the entire loan process, uses Loan ChatBots and advanced AI, machine learning and data science.
“FundsTiger is the first FinTech company tointegrate GoI Digi Locker in its platform - and launch their own Loan Chatbot”
The Journey of Funds Tiger
When Neelam and Vikram - who are IIT Delhi batchmates - ventured into lending, they anticipated that the industry may take a decade to get it all in place. Luckily, past two years, brought tremendous changes to work in their favour - boosting digital lending and validating their core business thesis. 4G network (Jio's entry), Aadhaar Linkage to bank accounts, Demonetization, GST rollout,and banking recapitalization program, had a tremendous impact. Progressive Banks and NBFCs started approaching FundsTiger.com further validating FundsTiger vision.
The Roadmap Ahead
FundsTiger brings Technology prowess, Business acumen and Banking expertise – they have cast their net wide into the FinTech ecosystem, where the company founding team consists of experienced bankers and lending experts Mr. Shrinivasa H Bhat is a veteran banker with over 40 years of banking, credit and risk management expertise. Ms. Manju Tripathi excels in SME and Retail Credit. “Funds Tiger's strong team and technology is instrumental in scaling our lender, partner and borrower ecosystems manifolds,” mentions Neelam.
Further narrating the roadmap ahead, Vikram says “With customer being the Center of our products, we continue to add more technological solutions for faster loan processing with great customer experience.”
Neelam concludes “Our passion is to make credit available to every single creditworthy Indian – and delighting our stakeholders all the way. Our customers vouch for our great customer obsession! Our long term exciting journey is just starting!”