Smartcoin

company

About

Smartcoin is providing financial access to the millions of mobile users in India using alternative credit assessment.

Details

Last Funding Type
Series B
Last Funding Money Raised
₹520.50M
Industries
Big Data,Financial Services,FinTech,Machine Learning,Predictive Analytics
Founded date
Nov 23, 2015
Number Of Employee
1 - 10
Operating Status
Active
Legal Name
SmartCoin Financials Pvt. Ltd.
Also Known As
SmartCoin Financials

SmartCoin is a mobile app based lending platform, capable of assessing the risk profile of a prospective borrower in real time, using data science and machine learning algorithms. Their proprietary credit underwriting engine aggregates thousands of data points on a customer’s smartphone to build a customized credit score. A customer is instantly offered personalized loan products on the basis of his risk and capacity, and the money is transferred digitally to their bank account.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
₹1.32B $9M
Smartcoin has raised a total of ₹1.32B $9M in funding over 2 rounds. Their latest funding was raised on Feb 19, 2022 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Feb 19, 2022 Series B ₹520.50M 4 Lightbox Detail
Jul 20, 2021 Debt Financing ₹800M 4 Detail
Mar 17, 2020 Series A $7M 3 Lightrock Detail
Mar 28, 2018 Seed $2M 3 Accion Venture Lab Detail
Apr 3, 2017 Seed 1 Unicorn India Ventures Detail

Investors

Number of Lead Investors
Number of Investors
4
10
Smartcoin is funded by 10 investors. Lightbox and India SME Investments are the most recent investors.
Investor Name Lead Investor Funding Round
Lightbox Yes Series B
India SME Investments Series B
Lightrock Series B
Pace Stock Broking Services Series B
MAS Debt Financing
Northern Arc Debt Financing
Vivriti Capital Debt Financing
Accion Venture Lab Series A
Unicorn India Ventures Series A
ISME ACE - FinTech Accelerator Seed

Employee Profiles

Number of Employee Profiles
5
Smartcoin has 5 current employee profiles, including Board member Archana Priyadarshini
Board member
Executive
Executive
Board observer
Executive