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SPOCTO SOLUTIONS
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 turn to AI; Flipkart re-ups war chestHappy Thursday! Lenders are turning to fintech startups for smarter debt collection solutions as unsecured loan stress rises. This and more...
- 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...
- 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...
- 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.
- Bank rout: Tech is collecting loans in India as global crisis loomsAll kinds of bank and nonbank lenders are heaping credit on household balance sheets even though the consumer economy is fragile: A tiny mi...
- 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...
- 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 ...
- India’s war on the internetIn it, IFF highlighted that internet shutdowns are extremely common in India, citing reports by Top10VPN and Access Now, and data from the ...
- Startups go all out to attract talent; Lightspeed chases growth dealsIndian startups including the likes of Meesho, PhonePe, Upgrad, Purplle, Pristyn Care and Spinny are going all out to rope in and retain ta...
- 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...
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