FlexiLoans is an online lending platform started with an endeavour to solve the problem that SMEs face in accessing Quick, Flexible & Adequate funds for growing their Businesses. Over 80% of Loan proposals from SMEs currently are rejected by institutional channels on account of inadequate financial history or collaterals. With the fast & ubiquitous digital adoption in India & increased avenues to leverage data analytics, we are standing on the verge of Banking transformation in this country which will help us efficiently cater to the large untapped & unserved demand. We wish to make the ‘social & alternative scoring of SMEs & Individuals a big opportunity for the economy that will far out place the limited insights that financial bureau provide. We believe our technology-powered online marketplace is the best model to meet the financial requirements of SME’s who do not have credit history & hence cannot avail loans from traditional banking channels. we are geolocated in Mumbai & provide collateral-free loans across India.
Our Vision is to provide “Financial Access at a Click”. Consumers & small business owners can borrow through FlexiLoans to get loans customised to their needs at a fast pace & at transparent finance charges. We utilise our technology to provide a better experience, offering borrowers a convenient, simple & fast online application that improves the often time-consuming & frustrating loan application process. We will generate unique scores based on each customer profile using our proprietary credit engine which will help them avail loans from our lending partners.
Our technology platform powers our online marketplace & enables us to deliver innovative solutions to borrowers & investors. Our proprietary technology is built to remove the friction points in operations, including the borrower application process, data gathering, credit decisioning & scoring, loan funding, customer servicing, regulatory compliance & fraud detection.