TruBoard Partners raises $2.7m from investors

By Leandra Monteiro

TruBoard Partners, a tech-enabled asset monitoring & collections platform that is revolutionising the lending ecosystem by catalysing the post-investment lifecycle, has raised a $2.7 million equity from investors.

With the funds raised TruBoard aims to further strengthen its ‘PhyGital’ delivery model – the tech platform, TruGenie, backed by on-the-ground physical intelligence and collections network, TruCollect. The company aims to increase its footprint across 40 Indian metros, tier 1 and 2 cities and build an employee base of 400+ over the next 2-3 years.

Conceived and Co-founded by Vipul Thakore, formerly Managing Director at Goldman Sachs, Nandkumar Surti, formerly Chief Executive Officer at JP Morgan Mutual Fund, and Srickant Rajagopal, formerly Principal at Piramal Group, TruBoard Partners aims to power the Indian lending ecosystem and eventually drive credit penetration in the country, with its PhyGital solutions. It aims to plug the gaps in monitoring post-investment lifecycle and collection networks through its proprietary solutions, TruGenie and TruCollect.

TruGenie is a tech platform that uses data and predictive analytics to help institutional lenders and investors to maximize their yields and manage risks from their portfolios in the post-investment lifecycle. TruGenie, bridges this gap using data-driven insights for predictions and monitoring the factors and dynamic environments that impact the profitability of assets post-investment and developing early warning signal systems for timely action.

TruBoard’s collections platform, TruCollect, offers lenders a pan-India collections network; a plug and play model, that allows lenders to focus on lending and risk management while the analytics, servicing and collections is managed by TruBoard and its pan-India network.