News Update

• ByStartupStory     |    May 2, 2023

Indifi Technologies, a digital lending platform for MSMEs, announced that it has achieved a milestone of crossing Rs 1,500 crore in assets under management (AUM), which represents a growth of over 100% from the previous year. The company achieved profitability in FY22 and has sustained it through FY23. According to Aditya Harkauli, Chief Business Officer at Indifi Technologies, the company’s underwriting models have improved, allowing it to penetrate deeper into the applicant funnel and deliver higher approval rates while aligning credit limits more precisely with the borrower’s risk profile.

Indifi Technologies is a digital lending platform located in Gurugram that aims to cater to the credit requirements of credit-worthy yet underserved businesses. Since its establishment in 2015, the firm has provided more than 68,000 loans, amounting to over Rs 3,800 crore. By using technological advancements, Indifi Technologies has digitized the loan process for both lenders and MSMEs, which has significantly minimized risks and paperwork, as well as reduced associated expenses.

Indifi Technologies is expanding its network of digital partnerships by strengthening existing relationships and adding new ones. According to a statement by the company, the share of marketplace lenders in its AUM rose by 25% over the past financial year, with a contribution of 50% by value in March 2023.

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