Sales Manager
Credright Finance
Telangana region
Rs.15000 - Rs.25000
About the Company
Credright Finance is a digital lending platform focused on providing unsecured loans to micro and small businesses in India, particularly those involved in chit funds. They leverage machine learning and data analytics to assess creditworthiness, aiming to streamline the loan process and offer quick disbursal.
Key aspects of Credright Finance:
- Target Audience: Primarily serves micro and small businesses, specifically those that subscribe to chit funds.
- Loan Type: Offers unsecured business loans, meaning no collateral is required.
- Loan Features: Loans are interest-only, with principal repayment at maturity or upon receiving the chit fund prize, whichever is earlier.
- Loan Amounts and Tenure: Typically provides loans ranging from INR 50,000 to INR 1 lakh, with terms from 1 to 12 months.
- Technology: Employs machine learning and data analytics to evaluate credit profiles, aiming for faster and more accurate loan assessments.
- Disbursement Speed: Claims to disburse loans within 72 hours.
- Funding: A series B company with investments from various institutional investors, including YourNest, Spearhead Capital, and Accion.
- Focus: Aims to simplify the process of accessing finance for small businesses, allowing them to focus on growth.
- Mission: Seeks to improve how small businesses in India are funded.
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