Analytics route to small loan

Analytics route to small loan

FOCUSED: Vivek & Shaili Mumbai: KapitalTech, a lender of short-term loans to small units using data analytics and machine learning technology, is now set to enter the consumer finance segments. The two-year-old entity, which reached break-even-point in 8 months and is now profitable, has disbursed over Rs 600 crore to various MSMEs (medium and small enterprises). It expects loans to jump to Rs 1800-2000 crore over the next 12 months, backed by growth not only in its core segment but also new products such as loans against property. KapitalTech offers short-term unsecured business loans to MSMEs with a quick […]