Introducing VivFlo: A Co-Lending Platform Revolutionizing Credit Access
Financial company Vivriti Capital Introduces Joint Lending Platform for Expanded Credit Opportunities | Chief's Insightful Interview Reveals Details
Get ready for a financial revolution with VivFlo, the latest addition to Vivriti Capital's service offerings. This mid-market non-banking financial company (NBFC) has launched a co-lending platform that brings together numerous lending partners to help businesses secure their much-needed credit.
VivFlo boasts a collaborative 40% co-lending share in its impressive Rs 8,400 AUM (assets under management). By integrating with Vivriti's network of over 30 co-lending partners, the platform offers support for over 10 diverse asset types.
Streamlined Processes for a Seamless Lending Experience
VivFlo is designed with efficient automation, taking care of essential pre-disbursal checks such as KYC, credit bureau data, bank verification, and e-signing. With its smart system, regulatory risks are minimized, ensuring a smooth lending journey for all parties involved.
Serving up monthly disbursements of around Rs 20 crore, VivFlo aims to double this figure to Rs 100-150 crore within the next six months. While 50% of VivFlo's portfolio involves consumer loans, the rest focuses on business loans, commercial vehicle loans, and loans against property—reflecting the company's shift towards secured lending.
Empowering Lenders with Insightful Decisions
One key feature of VivFlo is its data deduplication capability—preventing duplicate entries and ensuring accurate credit assessments. This not only aids in reducing the risk of non-performing assets but also helps lenders make informed decisions about loan eligibility and risk assessment.
For instance, if a borrower has already secured a loan through another platform, VivFlo's system recognizes this, taking previous payment histories into account to improve loan underwriting processes.
The Future of Lending—Powered by AI
Vivriti is hard at work exploring ways to leverage Gen AI technology to benefit businesses. By analyzing conversations between agents and borrowers and identifying new leads, VivFlo is poised to make credit underwriting faster and more efficient. Stay tuned for more exciting updates as VivFlo continues to shape the future of lending in India.
The Co-Lending Model: A Game Changer for Expanding Credit Access
Co-lending platforms, like VivFlo, serve as significant enablers in expanding credit access to underserved segments. They offer a collaborative approach between banks and NBFCs, with their year-on-year growth in loan disbursements under co-lending agreements exemplifying the model's effectiveness.
As India continues to embrace advanced technology and innovative financial solutions, co-lending platforms are at the forefront of expanding lending opportunities, making financial services more accessible to all. Keep an eye out for more developments and partnerships in the booming world of co-lending.
- VivFlo, as part of its co-lending platform, integrates with Vivriti's network of over 30 partners, enabling support for a variety of asset types in lending.
- The smart system within VivFlo automates essential pre-disbursal checks like KYC, credit bureau data, bank verification, and e-signing, reducing regulatory risks for a seamless lending experience.
- VivFlo's data deduplication feature helps lenders make informed decisions by preventing duplicate entries, making credit assessments more accurate and reducing the risk of non-performing assets.
- Vivriti is exploring the application of Gen AI technology to enhance credit underwriting processes by analyzing conversations between agents and borrowers, aiming to make lending faster and more efficient.
