M2P Fintech expands its product offering by acquiring Origa.ai.
By Leandra Monteiro
M2P Fintech, an Asian API infrastructure company, has acquired Origa.ai to bolster its technology capabilities around the new-age collection. Origa.ai is a next-generation full-service technology platform that allows both FinTech and traditional lenders to manage their collections operations efficiently with intuitive repayment analytics and a full-stack omnichannel collection capability. The acquisition aligns with and accelerates M2P’s vision to provide a comprehensive FinTech ecosystem
Muthukumar A, Co-founder, M2P Fintech said, “India is probably entering its golden decade for the consumption credit business, with more people joining the workforce, thereby becoming eligible to avail credit, efficient collection and importantly real time data on collection becomes extremely important to achieve scale by managing risk efficiently for Banks and fintech. The integration of Origa.ai into M2P Fintech’s platform offering sits perfectly with our vision of co-creating products by leveraging our API infrastructure”.
Muthu added, “With the advent of small ticket lending products like BNPL, low cost, high technology enabled collection capabilities will play as an important cog in the wheel for digital lending businesses, and we believe we are uniquely poised to cater to this emerging demand.”
Venkatesh Chari founder & CEO of Origa.ai will take up a Product leadership role at M2P and will continue to build out the vision for Origa and bolster the debt management stack. He shared, “Our mission is to modernize collections, which allows fintech and traditional lenders to intelligently manage their collections operations and repayment analytics. Joining M2P Fintech provides us a tremendous opportunity to accelerate our vision. We are looking forward to integrating the Origa.ai services with M2P Fintech’s core services and products to benefit any company looking to improve its collections processes.
Origa.ai’s platform leverages proprietary technology and data science insights to optimise and accelerate collections, thereby improving the experience for borrowers, lenders, and collection agents. The company provides an AI algorithm-driven debt management platform and services that leverage extensive use of data from various sources for personalized debt management services. The platform predicts delinquencies and automatically executes personalized follow-up actions with customers through a multilingual chatbot.
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