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Janmitr Solutions Private Limited

Viman Nagar, Delhi

DPIIT recognised Locality

In their own words

Finlok is a peer to peer financial platform that helps users save and access credit within their social networks/communities. The platform is based on the concept of moneypools/ROSCAs and has digitised the entire experience on the back of mobile and payments technologies. We are targeting the underserved (earning 8-25k pm) in building a risk profile based on their payment/repayment behaviour, group behaviour and dynamic in addition to other parameters. The intention is to use this rating in offering other financial services such as credit, insurance and investments; we have begun executing on that through a short term credit product (similar to a salary advance/pay day loan) linked to group behaviour. The concept of using savings as security and credit worthiness for lending is the same as that in corporate loans with Debt Service Ratio (DSR); our aim is to use this for retail lending especially for users that are thin/no file customers.

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

What the record says

DPIIT recognition number
DIPP3561
CIN
U74999DL2017PTC318652
Incorporated (MCA)
2017
Registered on Startup India
2017
Self-declared stage
EarlyTraction
MCA status
Active
Company class
Private
Registrar
RoC-Pune
Authorised capital
₹1,00,000
Paid-up capital
₹1,00,000

www.finlok.com

Where this is

Locality

Viman Nagar

Delhi

We know the area, Viman Nagar, but not the address. The pin below covers roughly a kilometre.

Geocode confidence: medium

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What we do not know

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