25 C
Mumbai
Thursday, January 21, 2021

CreditNirvana, an AI-based Debt Management Platform Announces Pre-series A Funding

Must read

2-Year-Old Girl Treated Successfully for Lower Back Spondylolisthesis by Kauvery Hospital

The condition in the lumbar region of spine is very rare among children A Spondylolisthesis in the lower...

E-Commerce Lifestyle Brand “The Label Life” Raises Funding through Klub

Klub, a pioneer in revenue-based financing in India, today announced facilitating an undisclosed amount of investment in Indian fashion and lifestyle E-commerce brand...

Understanding Insomnia: Symptoms and Other Facts.

Sleeping is one of the most important life processes and is considered as important as having healthy meal or exercising on a...

Brinton Pharmaceuticals Launches ‘No pHighting Please’ campaign in light of the advertising war between two FMCG Giants

Mumbai: 19th Jan 2020:  Brinton, a leading pharmaceuticals company has launched an apt campaign called ‘No pHighting Please’ nudging the two biggies...

CreditNirvana, a Bangalore based fintech startup offering AI-driven debt management platform & Digital collection services, has raised an undisclosed amount in pre-series A funding from institutional investors in New York, USA.

Mr. Raj MKK, Co-founder, CreditNirvana

Working with Fortune 500 financial institutions and medium size companies, CreditNirvana right now handles over 4 million customers and about $5 billion existing receivables, the funding is expected to contribute towards CreditNirvanas global expansion in the market.

The company provides and an Ai algorithm-driven end to end debt management platform & services that leverages extensive use of unconventional data from various alternate sources & executes digital-first, personalized debt management services through its proven AI Platform. The platform not only predicts and pre-empt delinquencies but also automatically executes personalized follow-up actions with customers through a multilingual AI conversational engine.

We aim to be worldwide leaders in redefining and transfiguring debt management practices by shifting focus from a reactive & manually driven collection practice towards algorithmic and digitally driven pro-active operations. Conventional behavioral scorecard-based debt collection process using simplistic statistical models are reactive and approaching debt collection through traditional methods usually results in accumulating defaults and spiralling NPLs We aim to transform this experience by making use of a plethora of unstructured data and machine learning to bring in successful results that have proven to be effective for the benefit of both the lenders and borrowers,” said Mr. Raj, Co-founder, CreditNirvana.

He further added, “We provide our clients with substantial value in very short period of time. It wouldnt be an understatement to claim that CreditNirvana is light years ahead of the legacy practices in debt management that has been tested and validated by our various marquee clients across the globe.”

CreditNirvana displays a wide variety of features & services including ML-Driven early warning engine, loan monitoring engine, robo collection engine and algorithm driven collection and legal management system. A largely popular system offered by the company is RoboCollect, a feature that allows continuous customer engagement through their preferred communication channels, language, date and time.

Founded by Raj MKK, Raj Partha and Vijay Anand, CreditNirvana is being led and composed of several Ivy League alumni and serial entrepreneurs. The main motive behind its establishment is to transform conventional debt management practices by focusing on the entire lifecycle of a customer leveraging unconventional data & digital technologies. With increasing advancements and adaptability, the company aims to widen their boundaries through their global expansion program and continue providing effective and advanced debt collection.

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

2-Year-Old Girl Treated Successfully for Lower Back Spondylolisthesis by Kauvery Hospital

The condition in the lumbar region of spine is very rare among children A Spondylolisthesis in the lower...

E-Commerce Lifestyle Brand “The Label Life” Raises Funding through Klub

Klub, a pioneer in revenue-based financing in India, today announced facilitating an undisclosed amount of investment in Indian fashion and lifestyle E-commerce brand...

Understanding Insomnia: Symptoms and Other Facts.

Sleeping is one of the most important life processes and is considered as important as having healthy meal or exercising on a...

Brinton Pharmaceuticals Launches ‘No pHighting Please’ campaign in light of the advertising war between two FMCG Giants

Mumbai: 19th Jan 2020:  Brinton, a leading pharmaceuticals company has launched an apt campaign called ‘No pHighting Please’ nudging the two biggies...

WayCool Foods Join hands with IIT-Hyderabad to Develop Packaging Solution to Reduce Food Wastage

WayCool and IIT-Hyderabad sign 3-year MoU to develop antimicrobial food packaging and reduce wastage in the food supply chain ...