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FTEK CONSULTANCY SERVICES PRIVATE LIMITED

P/N Ward, Maharashtra

DPIIT recognised Locality Finance Technology

In their own words

MudraCircle is a neutral digital lending marketplace in true sense. There is a huge unfulfilled SME sector with a debt funding gap of INR 19 Tn (Institutional gap of INR 2.93Tn). Main reason behind for about 92% of SMEs in the country remaining unserved or underserved in terms of loans is that not enough financial track records been available to assess them. Our marketplace focusses on SMEs for their funding requirements. MudraCircle is a marketplace which connects SMEs on one side to RBI regulated Banks/ NBFCs on other side. Through our AI and Machine learning based credit scoring model we will be able assess unbanked & underbanked borrowers. Our Alternate credit models assess small enterpreneurs on non-financial data points (digital footprints, govt database, psychographic test, voice layering, GST database, mobile data, etc) and limited financial data points which otherwise in usual scenario wouldn't have received funding. Unlike any CIBIL score or any other credit score this assess “Ability To Pay” as well as “Intent To Pay”. Being an automated model it’s highly scalabe. Our credit will also be available to other Banks/ NBFCs as white-label solution on subscription basis. Our model will solve biggest SME funding problem in the country.

Written by the company on its public Startup India profile. Not verified by us.

What the record says

DPIIT recognition number
DIPP17014
CIN
U74999MH2017PTC293533
Incorporated (MCA)
2017
Registered on Startup India
2018
Self-declared stage
EarlyTraction
MCA status
Active
Company class
Private
Registrar
RoC-Mumbai I
Authorised capital
₹20,00,000
Paid-up capital
₹18,00,000

Where this is

Locality

P/N Ward

Maharashtra

We know the area, P/N Ward, but not the address. The pin below covers roughly a kilometre.

Geocode confidence: low

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What we do not know

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