U GRO Capital goes live on Scienaptic’s credit underwriting platform

By Leandra Monteiro

Global AI-powered credit decision platform provider Scienaptic AI announced that U GRO Capital, an Indian listed MSME lending FinTech company, is now live on its platform. This collaboration will facilitate a better early warning signal mechanism for credit underwriting and enhance loan decisioning for the MSME sector in India.

Incepted in 2018, the Indian lending FinTech is working towards bridging the 600 billion USD SME credit gap, which is growing annually at 7%. The company utilises a sector-focused and technology-enabled approach leveraging FinTech to deliver customised credit solutions to its MSME customers. The company aspires to capture 1% market share of the total MSME lending market by 2025.

Subrata Das, Chief Innovation Officer at U GRO Capital, said, “At U GRO Capital, we pride ourselves in being a ‘people’s company’ and providing a ‘You-centric’ credit approach for small and medium businesses who have historically lacked access to formal credit. Our partnership with Scienaptic AI will help us to identify any emerging signals if our customers are facing financial difficulties and help them overcome their hurdles. This will support our mission of building India’s leading Lending as a Service (LaaS) platform to resolve the credit gap in the MSME sector. Our early analysis indicates that the Scienaptic’s platform resonates well with our technology architecture, as we continue to enhance its utility.”

“We are extremely excited to announce that U GRO Capital is now live on our platform. They are now leveraging our early warning predictive modelling for pre-emptive calling and collection strategies on their existing customer base,” said Joydip Gupta, APAC Head of Scienaptic. “Our AI-powered credit underwriting platform will enable U GRO Capital in creating an inclusive financial ecosystem for those businesses lacking proper credit history.”