Indifi Technologies- A Top-notch Financial Platform for Indian SMEs

SMEs in India have started achieving huge financial support from Indifi Technologies- a Strong Financial backbone

For the future of SME business growth in India, a high-flying financing dais, Indifi Technologies was commenced in the month of October, 2015.

It is an enabler of SME financial support that helps reshuffle credit evaluation procedures by means of various methods like automated data collection, processing and analysis. Further, the major goal of the company is to solve complex credit access issues for SMBs, while offering a zero operating cost model for the business.

The inimitable concept of Indifi has been spearheaded by three co-founders, Mr. Alok Mittal, Mr. Siddharth Mahanot and Mr. Sundeep Sahi, who have their expertise in various fields of business, finance and technology.

Alok Mittal, Co-founder and CEO, IndifiTechnologies said, “MSMEs contribute to nearly 38% of the country’s GDP, but at the same time, suffer from $380B formal debt financing gap. Proliferation of data in this space has created a unique opportunity to address this gap. At Indifi, we collect demographic, businessand financial data, and analyze it to assist these businesses in securing credit from banks and NBFCs. Backed by innovation and technology, we seek to improve access, reduce the overall credit operations cost by 50-60%, and enable disbursements within a mere 4 days from application.”

A section specific initiative is taken by Indifi, where product and data models are designed with deeper understanding of requirement of a segment. “Lending products in any given segment are tightly integrated with the business cash flows and transactional linkages in that segment,” Mittal added. Currently, the company is thriving beneath the three business sections across travel, transportation, and retail sectors.

From the route of marketing, to data collection and analysis, and on-ground documentation and verification the business model of Indifi spins around a fee for services offered to the lenders. Indifi also assistsinstitutions in monitoring the possible risk of default onan ongoing basis by analyzing transactions undertaken by such borrowers over the life of the loan. Ever since its inception, the company helped numerous SME associations with financial assistance in a very short span of time.