Smartcoin is providing financial access to the millions of mobile users in India using alternative credit assessment.
SmartCoin is a mobile app based lending platform, capable of assessing the risk profile of a prospective borrower in real time, using data science and machine learning algorithms. Their proprietary credit underwriting engine aggregates thousands of data points on a customer’s smartphone to build a customized credit score. A customer is instantly offered personalized loan products on the basis of his risk and capacity, and the money is transferred digitally to their bank account.
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Feb 19, 2022 | Series B | ₹520.50M | 4 |
Lightbox
|
— | Detail |
| Jul 20, 2021 | Debt Financing | ₹800M | 4 | — | — | Detail |
| Mar 17, 2020 | Series A | $7M | 3 |
Lightrock
|
— | Detail |
| Mar 28, 2018 | Seed | $2M | 3 |
Accion Venture Lab
|
— | Detail |
| Apr 3, 2017 | Seed | — | 1 |
|
— | Detail |
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
Lightbox
|
Yes | Series B |
India SME Investments
|
— | Series B |
Lightrock
|
— | Series B |
Pace Stock Broking Services
|
— | Series B |
|
|
— | Debt Financing |
Northern Arc
|
— | Debt Financing |
Vivriti Capital
|
— | Debt Financing |
Accion Venture Lab
|
— | Series A |
|
|
— | Series A |
ISME ACE - FinTech Accelerator
|
— | Seed |