Smartcoin is providing financial access to the millions of mobile users in India using alternative credit assessment.
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.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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Feb 19, 2022 | Series B | ₹520.50M | 4 |
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— | Detail |
Jul 20, 2021 | Debt Financing | ₹800M | 4 | — | — | Detail |
Mar 17, 2020 | Series A | $7M | 3 |
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— | Detail |
Mar 28, 2018 | Seed | $2M | 3 |
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— | Detail |
Apr 3, 2017 | Seed | — | 1 |
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— | Detail |
Investor Name | Lead Investor | Funding Round |
---|---|---|
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Yes | Series B |
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— | Series B |
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— | Series B |
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— | Series B |
|
— | Debt Financing |
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— | Debt Financing |
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— | Debt Financing |
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— | Series A |
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— | Series A |
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— | Seed |