About Credy
Credy, an online FinTech platform connecting borrowers seeking capital with lenders seeking a market in India. The full stack lending company is focused on customer financing partner for Indians. Credy works to revolutionize Indian personal loan market using technology, data, and potential financial risk management to the borrowing and lending. Credy’s digital engine facilitates instant online credit profiling through credit bureau integration and algorithms. The digitized FinTech company also serves as a mobile credit line for specific end use namely school fee payments, debt consolidation, and medical emergency. The platform is backed by Aadhaar and IndiaStack, placing India at the frontier of financial innovation using the enhanced technologies and updated systems.Inception & Founders
Credy is incepted in Dec 2016 at Bengaluru, India by new entrants who are ex-Goldman Sachs employees Harshit Vaishnav, Pratish Gandhi, and Abhash Anand. The trio says that Finance and Policy is something that interests them a lot. They realized that access to credit in India is bounded due to profiling mechanisms, lack of relevant data and lack of good authentication. The company lent to rural entrepreneurs through technology-enabled platforms realizing the risks can be controlled if things are done well.Why is Credy important?
Credy facilitates small-ticket, school fee and online personal loans by collaborating with NBFCs for lending. The complete customer cruise is on Credy mobile and its web applications. The average ticket size provided is less than Rs 50,000, and it is primarily through an online process.Features:
- Low CIBIL Allowed for the customers.
- Refinancing Credit Card bill.
- Providing education EMIs and expenses.
- Taking a short-term loan and pay back when salary is received.
- Quick disbursal for an emergency like medical treatment where instant loans for emergency.
3 Simple online process to benefit customers
- Apply online to get instant approval by submitting a loan.
- Credy instantly approves the verification process.
- Finally, you need to sign digitally and submit Aadhaar, and you will be loaned money in the bank in 24 business hours.
