- Slowly, of course, the action moved to consumer lending startups like SmartCoin and others, which catered to India's vastly underserved lower-and-middle income segments.
- SmartCoin, an app-based instant loan platform for the financially underserved, too, raised $2 million in a pre-Series A round in March 2018.
- These 5 fintech platforms provide smooth finance resource for MSMEsNext phase of growth via Google LaunchpadSmartCoin's effective use of "advanced AI/ML models" to provide an alternative credit assessment to millions of cash-strapped users in India's remotest corners has earned it a place in the second batch of Google's Launchpad Accelerator Programme.
- According to YourStory Research, lending startups raised $1.21 billion in 2018, marking a 269 percent jump from 2016, when the sector had raised only about $330 million.
How SmartCoin is using deep tech models to improve credit access for India’s lower income groups
27 March 2019 8:30 PM GMT