FlexPay (Innovation In Lending) – Vivifi India Finance Private Limited
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FlexPay
Nomination
- Looking beyond literacy, language, livelihood, and legacy to offer credit to an individual borrower.
- Offer credit card-like product to the under-served (unserved) salaried/self-employed individuals that helps build a credit profile.
- Move individuals from unregulated lenders towards structured credit products by regulated entities.
- Promote truth-in-lending by offering credit products that have transparent disclosures and show the true cost of credit to the consumers.
Achievements
- Vivifi has become one of the primary lenders receiving over 10+ lakh loan applications annually from low-income customers.
- 3.5 Lakh + loyal customers who transact with the platform monthly with a retention rate of 99% in the last two years.
- Vivifi’s products offer the ability to pay with credit using the UPI infrastructure with an overall volume of 1+ Cr transactions and a value of INR 2500+ Cr
- Disbursed over INR 1,250+ Cr to under-served/unserved customers with a credit product that they can really use.
SKOCH Award Nominee
Category: fintech – FinTech Organisation
Sub-Category: fintech – FinTech Organisation
Project: FlexPay (Innovation In Lending)
Start Date: 2020-10-18
Organisation: Vivifi India Finance Private Limited
Respondent: Mr Monisha Mudaliar, Head Public Relations & Communications
https://www.flexpay.in/
Level: Bronze Plus (FinTech)
For more information, please contact:
Mr Monisha Mudaliar, Head Public Relations & Communications at monisha.mudaliar@vivifin.com
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