Page 26 - Banking Finance July 2017

INTERVIEW

“CreditMantri helps lenders get

efficient by making more nuanced

credit risk decisions”

Ranjit Punja

CEO & Co-Founder, CreditMantri

Please tell us about your company? lenders across the risk continuum, resolve and dispute issues
CreditMantri makes credit possible. on existing loans and borrowings, and reduce current
borrowing costs.
Our company was started by 3 ex-bankers in August 2012
to help customers take charge of their credit health and
How many lenders are associated with your
make better borrowing decisions. On the supply side,
platform and plans to increase this base?
CreditMantri helps lenders get efficient by making more
nuanced credit risk decisions. Presently, more than 40 lenders are associated with our
company and we are actively pursuing to bring on board
What products and services are you providing? more banks and financial institutions to expand the credit
offerings to our customers.
Our services cater to the entire spectrum of credit-seekers.
We are the first in the market to offer a free credit score
What is your current user base and plans of
and a free credit health analysis, helping the consumer in
understanding his/her credit status. We also offer exclusive expansion?
credit products for first-time borrowers and those with poor Our target is anyone who is in need of credit, and those who
credit history. are credit challenged. Right now, we have over 1.8 million
users.
Furthermore, our credit profiler is one of a kind, which
outlines an individual's credit worthiness with the credit As far as plans of expansion are concerned, CreditMantri
score and history as a starting point and further builds on it aims to become India's largest and most inclusive credit
using non-traditional data and the individual's digital facilitator.
footprint. Alternate data is particularly important for users
who have limited choice and access to credit. We have How has been your business in last fiscal and
served over 1.8 million customers with over 60% of the users what are your projections for next year?
provide access to over 2000+ credit relevant data points to We increased our lender base by 60%. Our aim for the
build their credit profile using
CreditMantri's proprietary
algorithm. “ Our services cater to the entire spectrum of credit-seekers.
We are the first in the market to offer a free credit score
On the platform, users can
discover loans and credit cards and a free credit health analysis, helping the consumer in
best matched to the profile from understanding his/her credit status
“

26 | 2017 | JULY | BANKING FINANCE

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