WonderLend Hubs Private Limited

In their own words

WLH is focused on eliminating the credit friction that exists in the retail and MSME credit market, especially for new-to credit borrowers. The flow of credit to these segments is significantly hampered by friction w.r.t. 1) Access for borrowers and lenders (non-availability of affordable formal credit for ~100M households and ~50-60M MSMEs 2) Data - ~65-70% of borrowers do not have bureau scores and robust income proof) 3) Assessment - significant subjective judgement is involved, leading to a very manually intensive credit underwriting process and 4) Process - from origination-to-data aggregation-to-decisioning-to pre-disbursal facilitation (min TAT of 2-3 days even for small ticket retail loans). Cumulatively, this makes it operationally challenging and financially unviable for regulated lenders to provide tailored credit products in a scalable & sustainable manner. WLH provides a digital loan processing hub that can be operated in digital and digitised modes. Implementation through B2C, B2B and B2B2C models with high STP (straight thru process) loan approvals at the point of origin or sale (POS) in ~30 seconds. Access - Originate via web/mobile front-ends – direct-borrower, or sales-assisted journeys or from aggregator portals/apps. Post WLH, LTFS has been able to ramp up their business volumes from ~35K p.m. to ~100K p.m. Data - WLH facilitates dynamic data aggregation of both conventional and new age data and augmented credit intelligence. Post WLH, LTFS has been able to process ~1M (~65% of gross sourcing) new-to-credit loan applications without the need for the file to be manually reviewed by an underwriter. Assessment - Loan approvals are largely machine-decisioned in a matter of a few seconds, fully driven by highly configurable (by credit / risk teams of WLH clients) whitebox credit and scoring algorithms. Post WLH, LTFS has been able to assess and accord final loan approvals, whether new-to-credit or bureau-thick applicants, at POS in ~20 seconds. Process – The combination of automated digital and digitised flows on the WLH platform eliminates practically all the process handoffs and friction. Post WLH, LTFS has been able to move from ~15% STP @ 35K applications p.m. to ~95% STP @ 100K applications p.m. The WLH solution is offered as full-service ZERO Capex, pay as you go OPEX subscription. This makes it attractive for clients to adopt a robust technology solution without prohibitive, upfront costs AND avail the economic benefits of scale as they grow the business, while being able to continually engage with low cost experimentation w.r.t. new loan products.

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