Finnovation Tech Solutions

Credilio is founded with the idea of digitizing the distribution value chain of personal finance products. The mission of Credilio is to create a nationwide army of multi-branded trained advisors who can assist in the digital onboarding of loans and cards. Credilio enables a small financial advisor to educate customers and recommend lending products that are best suited to meet their unique requirements and further enables them to subscribe for credit cards or loans digitally.

The company does this by providing a large range of product offerings and a customized recommendation tool through a simple mobile app that empowers advisors to be truly digital and future-ready. In addition, the platform allows for instant online approval by leveraging open banking APIs of Banks and NBFCs, thus making the purchase process transparent and paperless. It has reduced the average prospecting-to-onboarding time to less than 10 minutes in a single session as compared to the industry average of an interrupted process over 2-3 days.

A challenger start-up, Credilio is the brainchild of second-time entrepreneurial duo Mr. Aditya Gupta and Mr. Anand Kapadia. It’s backed by a clutch of Venture Capital funds namely Cornerstone Venture Capital Partners, Exfinity Venture Partners, and Param Capital founder Mukul Agarwal.

The platform currently partners with 20+ leading Banks and NBFCs and has over 10,000 Financial Advisors who have assisted more than 0.5 million customer applications getting processed fully digitally in a span of less than a year. The capital raised will power Credilio’s ambitious plans to meet an ARR of 100 cr. by March 2023 and serve 25 million customers through a million advisors in the next 3 years.

QuantiFi‘s core hypothesis rests on working with consumer internet companies such as Bounce, Quikr, MakeMyTrip, Swiggy and TrueCaller to leverage their data and distribution – ultimately reducing acquisition costs, operating costs and risk. QuantiFi aims to manufacture and distribute competitive financial products, through innovation on segment coverage, products and delivery – in leading B2B2C partnerships.

Embedded finance is the revolutionising distribution in the financial services space by working in close liaison with brands that have large, engaged customer bases. As of today, embedded offerings predominantly focus on increasing consumers’ propensity to purchase products – the most popular structures being: add-on insurance, ‘buy-now-pay-later’, and consumption loans. These structures make a compelling use-case for mid-to-high ticket sized purchases, and for brands having a well-defined commercial value proposition.

Hypotheses for embedded finance, however, can be extended to practically any business regardless of frequency and size of transaction. Consumers of any platform can be solicited for targeted, competitive financial products by providing a native user-friendly experience. Targeting is performed using data models and algorithms on platform generated user behaviours. QuantiFi aims to achieve such frictionless delivery of financial products that could range from anything between a Personal Loan, Credit Line to a Bank Deposit or Investment advisory.

The founders of QuantiFi have a plethora of experience in the financial services - Corporate as well as the Fintech start-up ecosystem. Aditya started his career as an Investment Banker with Lehman Brothers and later founded Qbera in late 2015. Between the two experiences he founded an international school in Kolkata and grew his family-owned businesses. Qbera was acquired by InCred Financial Services in 2020 and he headed the personal loans and platform business at InCred upto 2021.

Sankalp is an engineer from IIT, Kanpur class of 2003. He has spent a large majority of his career with Banks like HSBC, Citi and Barclays and the last 5 years with start-up’s KredX and MoneyTap. During his stint with corporates, he worked across multiple geographies and on different products like Cards, Loans and Premium Banking. He worked on Invoice discounting products and personal credit line products with the two high growth start-ups. He has extensive experience in Analytics, Underwriting, Collections, Modeling and Forecasting.

QuantiFi is striving to hire and build the core key team members spanning across Technology, Data Science, Product, Revenue, Collections and Operations. We are aiming to build a great team of leaders which could deliver across the board, drive decision-making and build an explosive growth engine for the years to come.