CreditMantri Helps Lenders Get Efficient By Making More Nuanced Credit Risk Decision

Ranjit Punja

CEO & Co-Founder, CreditMantri

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Please tell us about your company?

 CreditMantri makes credit possible.

Our company was started by 3 ex-bankers in August 2012 to help customers take charge of their credit health and make better borrowing decisions. On the supply side, CreditMantri helps lenders get efficient by making more nuanced credit risk decisions.

What products and services are you providing?

 Our services cater to the entire spectrum of credit-seekers. We are the first in the market to offer a free credit score and a free credit health analysis, helping the consumer in understanding his/her credit status. We also offer exclusive credit products for first-time borrowers and those with poor credit history.

Furthermore, our credit profiler is one of a kind, which outlines an individual's credit worthiness with the credit score and history as a starting point and further builds on it using non-traditional data and the individual's digital footprint. Alternate data is particularly important for users who have limited choice and access to credit. We have served over 1.8 million customers with over 60% of the users provide access to over 2000+ credit relevant data points to build their credit profile using CreditMantri's proprietary algorithm.

On the platform, users can discover loans and credit cards best matched to the profile from lenders across the risk continuum, resolve and dispute issues on existing loans and borrowings, and reduce current borrowing costs.

How many lenders are associated with your platform and plans to increase this base?

 Presently, more than 40 lenders are associated with our company and we are actively pursuing to bring on board more banks and financial institutions to expand the credit offerings to our customers.

What is your current user base and plans of expansion?