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Debt restructuring platform Freed raises $6.6 million in round led by Aavishkaar CapitalSorin Investments, Piper Serica, and Sattva Ventures also participated in the funding round. The Gurugram-based platform plans to deploy th...- Debt collection platform Credgenics’ profit triples to Rs 25 crore in FY25; revenue up 40%Credgenics witnessed a significant surge in net profit, reaching Rs 25 crore in FY25, driven by increased demand for efficient debt recover...
- Behind the platform: The tech thinking behind Spocto XSpocto X is revolutionizing digital lending and collections with its AI-powered platform, addressing rising delinquencies by unifying digit...
- Lenders say AI to fintech startups for debt collectionLenders are now turning to AI-led models which can reduce the cost of each collection journey. This is opening a business opportunity for n...
- WhatsApp becomes the preferred platform for digital loan recoveryIndustry insiders said that with WhatsApp becoming the popular mode of communication, debt collection startups like Credgenics, Spocto and ...
- RBI move to formalise debt collection may complicate recovery, say expertsIn a notification issued on January 17, the central bank said transactional calls by banks, mutual fund companies and other such financial ...
- Yubi founder infuses Rs 250 crore in the digital lending platformIn March 2022, the tech-driven composite debt platform formerly known as CredAvenue, raised $137 million in a Series B funding round led by...
- Yubi Group revamps top deck, goes on a hiring spreeYubi Group, formerly CredAvenue, is hiring extensively and promoting leaders. Bharat Krishnamurthy is now CTO of Yubi and Aspero. Other pro...
- Anil Mehta joins Spocto’s board as independent directorAnil Mehta's experience includes serving in various key leadership positions at institutions such as Max Life Insurance, Australia and New ...
- Indian fintech regulatory companies make a mark on global stageA clutch of startups that offer digital documentation and verification services is now well established in foreign markets.
- Why compliance in debt collection will usher in dignity for borrowers and agentsAlthough the RBI guidelines seem promising, seamless debt recovery from borrowers is still a far-fetched reality for lenders. One of the ma...
- Yubi appoints ex-Salesforce executive Venkat Ramana Sonnathi as group chief architectThe overarching technological architecture for all Yubi platforms, including spocto and Corpository, will be led by Sonnathi in his new rol...
- Collect Tech Platform Spocto hires ex-Google, Amazon executivesSpocto’s hirings come at a time when the firm is expanding its receivables management and delinquency prevention platform
- CredAvenue picks up majority stake in SaaS firm Corpository at Rs 100 crore valuationWith this acquisition, all lenders on CredAvenue’s platform will be able to evaluate and make lending decisions on the platform itself, thu...
- CredAvenue turns unicorn after raising $137 million fundingWith this, CredAvenue joins the likes of other Indian startups such as Mamaearth, Fractal, Lead School, Elastic Run and Livspace that have ...
- CredAvenue acquires majority stake in Spocto SolutionsThe acquisition will help CredAvenue include a digital collection solutions for lenders and help mitigate risk and curb fraud on its platfo...
- Spocto helps up to 4 lakh farmers in India repay loans digitallySpocto uses its machine learning and AI-led platform - SMARTCollect - to educate the farmers in their preferred language for paying their d...
- View: Why use muscle? Big data can collect debt without harassmentBy training the algorithms to mine the data, the big data analytics can now predict which customers will most likely resume paying after mi...
- Spocto CTO's simple fitness regime: Meditation, yoga, intermittent fasting and a glass of wineThe lockdown taught Puja Srivastava that home-cooked food can tantalise our taste buds.
- SPOCTO boss says social media banter on religion troubles him, reads Pandit Sunderlal to stay on pointSumeet Shrivastava shares his work-from-home learnings.
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