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Finway Capital Introduces Predictive Intelligence Technology to Reinforce its ‘Making Finance Human’ Business Philosophy

Inspired and impressed with PM Modi’s ‘Everyone is entitled to get credit,’ Finway Capital India’s first NBFC that assures 24 hours of Turn Around Time (TAT) is willing to make some palpable changes in the country’s lending landscape. Recently, the Delhi-based financial startup has chosen Predictive Intelligence Technology (PIT) to assess the payback capacity of loan seekers/borrowers whose applications are often rejected by financial institutions/lenders due to poor CIBIL score.

Finway uses Artificial Intelligence with a human interface model to predict the payback capacity of the loan seekers. If one’s CIBIL score is bad, still he/she has opportunities because this new methodology works on lenient yet authentic parameters to judge the payback capacity of an individual. This alternate system is very accurate in assessing the creditworthiness of an individual, minimizing the documentation process and ensuring quick disbursal of loans to people in need.

Finway Capital is working on a motto of ‘Making Finance Human’ to provide its customers secured and unsecured loans on-time, every-time, and when they need it the most. The organization is committed to hassle-free lending to small businesses and salaried employees through a digitally robust system.

On applying artificial intelligence as a tool for checking the creditworthiness, Rachit Chawla, Founder &CEO, Finway Capital said, “We are moving on the same lines of PM Modi’s financial inclusion mission that everyone is entitled to get credit. Simple documentation process and instant approvals via fastest online gateways empower Finway Capital to ensure the borrowers with quick and easy access to funds. Although we even provide loans to people without any credit history, we are not burdened with any NPA till date.”

“In the next two years, Finway is planning to offer its services in more than ten cities, including the four metros. Simultaneously, people will soon be able to receive all our services through offline loan shops as well.” Rachit further added.

About Finway:
After receiving the prestigious B. Sc. in Business and Management from Aston University, Birmingham, U.K., the young and aspiring business leader, Rachit Chawla was appointed as Pricing Analyst for Intel Corporation at EMEA Headquarters based in Swindon, United Kingdom. Soon after, the establishment of Finway Capital was held in January 2017.
Finway is dealing primarily in Secured and Unsecured products in Delhi/NCR and is financial advisory in Delhi catering to salaried people; working in MNCs, self-employed professionals, SME’s and Government Employees. In the next 2 years, Finway is expanding its boundaries from Delhi/NCR to top ten cities of the countries, including the four metros. Started with a loan book value of Rs. 1.0 crores, currently the loan book value of Finway is 5 crores with ZERO NPAs, the company is growing at the rate of 20 percent on MoM basis. On the other hand, it has grown more than 7 times in terms of number of loans disbursed since inception.
  
 
 

Contact Information

  • Name: Kalpita Pradhan

    Company: Finway Capital

    Telphone: -- , +91-9599824318

    Address: M/s Singh Finlease Pvt. Ltd.
    A-29, Mangol Puri Industrial Area,
    Phase-II, New Delhi - 110034, India

    Email: dm@tycc.co.in