Provides housing finance access to families with low and informal income.
Founded in January 2016 by Ashutosh Sharma, Ummeed focuses on providing housing finance access to families in low and middle income segment. Ummeed offers customized home loans, ranging from INR 3 to 25 lakhs, to suit a variety of customer requirements including purchase of apartments, construction of homes, home improvements, home extensions and availing loans against property. It is in the process of building a technology platform to go paperless, run algorithms for credit scoring and disburse loans at a faster pace.
Meets financial requirements of financially excluded micro and small enterprises
Veritas Finance focusses on meeting the financial needs of micro, small and medium enterprises, which have remained largely underserved. Veritas Finance’s key differentiator is its unique credit assessment skills. It has invested significantly in credit intelligence methodology and a technology platform which assesses the credit and mitigates the risk in catering to the informal segment while ensuring faster credit delivery.
Small finance bank, providing financial and non-financial services to unbanked population of Northern India
Founded by Mr. Govind Singh, Utkarsh provides financial and non-financial services to the unbanked population of Northern India. The company offers a basket of products including group loans under the joint liability group framework, micro enterprise loans (MEL) and housing loans.
Fintech platform for end-to-end tech enabled supply chain financing
Mintifi enables financing to MSMEs (micro to small and medium enterprises) by leveraging technology to aggregate and utilize operational data as a key part of the credit underwriting process. There is a large and unmet demand in for debt financing for the upwards of 29 MN MSMEs operating in India. While traditional lenders face steep challenges in servicing this segment, from heavy sourcing costs to subjective credit assessments, Mintifi is bridging the gap; fostering innovative partnerships to drive financial inclusion in the MSME space