Vision: Make Finance Simple & Breezy
A FinTech Startup Finzy, aspired to break down barriers and provide affordable credit access to a broader audience and welcoming more people to lend. They teamed up with Codewave to build a dynamic online platform that not only connects lenders and borrowers, but also streamlines the loan processing journey through a robust administrative system.
Outcomes and impact
Launch to 15 Cities, NBFC Certified
Finzy launched its beta version in 6 months, became an NBFC certified P2P platform and went onto to serving people in 15 cities.
Zero Defaults
The platform achieved a track record of zero defaults, in EMI repayments in the first year, with robust systemic checks and due diligences.
Auto-invest
We architected and engineered finzy to enable automatic investments on behalf of the lender based on their risk apetite, so lenders don’t need to vet borrower profiles manually. The system also learns continuously from borrower behavior and updates credit-scoring.
Credit-scoring
The platform picked up over hundreds of social signals to perform credit scoring and classify the interest range the borrower pays.