TechFino adds around 2,000 quality customers per month, expected to achieve > 3,000 in the coming months. More … than 25,000 of loans have been disbursed since the start of their business operations, with a total loan value greater than INR 180 crores. The company has demonstrated exceptional commitment with a collection efficiency of more than 99% and the profitability of the last 24 months. The company has achieved a strong return on equity (ROE) of more than 20% while maintaining solid portfolio quality. Recently, the company disbursed loans worth INR 100 crores on the other side everything his wallets during the 2021-22 financial year. TechFino’s prudent business practices and to concentrate on building a quality portfolio, lenders came early, even when they were small. DCB Bank has taken a stake in the company.
In the EDUCATION space, TechFino has partnered with leading education providers, including EdTech companies, and provides unsecured loans to end users for tuition, development and certification programs, test preparations; K12 after school; Coaching and Higher Education. With a presence through IndiaTechFino works with over 60 educational service providers to help extend financing solutions to their learners.
In the HEALTHCARE space, TechFino has partnered with leading healthcare companies and service providers to support treatments related to wellness, elective processes associated with diabetes management, IVF, hair and skin; Dental; and Weight Management Programs, etc.
Speaking about his company’s performance, Rajesh Pandaco-founder and director, TechFino Capitalsaid, “We understand the business, the market and the risks involved in each of our segments, and so it was a conscious decision to build a brand that would play an important role in helping people achieve their aspirations. Our business practices focus compliance and risk management is in the DNA of our team.We ensure that our clients can access loans within minutes, with an average TAT of 10 minutes for processing a loan using of our proprietary technology platform, allowing us to do just that.
Known for its customer-centric approach and straightforward lending process, TechFino has over 25,000 borrowers who have fulfilled their aspirations. The company uses a robust, intuitive and fully automated technical platform to simplify the customer lifecycle and partner experience process. The loan approval process is digital and over 80% of it is disbursed on the same day.
About TechFino Capital Pvt Ltd
TechFino Capital Private Limited (TechFino) is an RBI (‘NBFC’) registered non-bank financial company providing secured consumer short term loans for end use in the education and Health care sectors. It is registered with the Reserve Bank of India as Type II – Depositless taking NBFC-ND and is functional in all major Tier I and Tier II cities.
TechFino was started by Jayaprakash Patra, Rajesh Panda and Ratikanta Satapathy. It is a technology driven NBFC and operates on a B2B2C model i.e. the credit facility is provided to end users/borrowers who are sourced from its partners. Promoter Directors have over 60 years of combined experience in leadership positions across multinationals and private banks/NBFCs.
For more details, please visit www.techfino.in