New Delhi (India), February 15:Â FinnUp, a B2B debt marketplace co-founded by Rahul Agarwal and Abhishek Agarwal, is set to launch its innovative matchmaking platform for Unsecured Business Loans (UBL) on February 14, 2024. It is a one-of-its-kind feature in India that promises to significantly enhance the efficiency and transparency of the debt-raising process for both businesses and lenders.
Traditionally, obtaining unsecured business loans is a time-consuming and opaque process for borrowers. Also, identifying suitable borrowers at the point of demand is a daunting task for the lenders. FinnUp is all set to tackle this challenge head-on by leveraging advanced artificial intelligence (AI) and machine learning (ML) algorithms. These algorithms analyse borrowers’ profiles and requirements to curate a personalised shortlist of suitable lenders within a remarkable 4-5 hours. This streamlined approach resolves business problems, often involving weeks of waiting and uncertainty.
“Our platform aims to significantly reduce the friction associated with unsecured business loans,†explains Rahul Agarwal, co-founder of FinnUp. “By harnessing the power of AI and ML, we can connect borrowers with the right lenders quickly and efficiently, ultimately accelerating their access to critical funding.â€
FinnUp, with the platform’s intelligent matching algorithms, ensures that borrowers are presented with loan options that align precisely with their specific needs and creditworthiness. This targeted approach benefits both parties: borrowers receive competitive rates and terms, while lenders gain access to a pre-qualified pool of potential borrowers.
“At FinnUp, we are committed to fostering a more inclusive and efficient lending ecosystem in India,†states Abhishek Agarwal, co-founder of FinnUp. “Our platform empowers businesses of all sizes, ensuring the security capital they need to grow business while simultaneously providing lenders with valuable insights and risk mitigation tools.â€
Since its inception 18 months ago, FinnUp has already made a notable impact. The platform has facilitated over ₹500 crore in disbursed loans to more than 200 businesses while partnering with over 30+ lenders. These figures underscore the platform’s potential to revolutionise Indian lending by promoting transparency, speed, and accessibility for all stakeholders.
The launch of FinnUp’s UBL matchmaking platform on February 14 marks a significant step forward in democratising access to finance for Indian businesses. Through cutting-edge technology and fostering strong partnerships, FinnUp simplifies how companies raise capital, ultimately contributing to the Indian economy.
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