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SmartCoin is a mobile-based lending platform that enables instant credit access for the vast underserved lower- and middle-income communities combining cutting-edge AI/ML technologies. We lend to a largely underserved market hitherto not served by banks, NBFCs, or microfinance institutions. Our product offering includes small-ticket personal loans to micro-merchants, self-employed and salaried individuals, who mainly borrow to fund their economic advancement. Use cases include working capital for micro-merchants, fuel and vehicle repair funding for delivery executives, vocational training for micro-entrepreneurs, and blue/grey collar workers' emergency medical needs. We are bridging the gap for accessible loans for their day-to-day needs. As reported in BCG 2017, 24Mn households in India who fall in the elite and affluent income categories have access to up to 80% of all formal loans, amounting to $202 Bn in credit. In contrast, the 124 Mn households with an annual income between INR 1.4 Lakh to 4.5 Lakh, have only received credit worth $24 Bn, which is less than 10 percent of the total formal market. 

A vast majority belonging to the middle/lower segments of the society have continued to suffer from restricted access to formal credit pathways due to their volatile incomes, lack of traditional income sources/work proofs, and no/thin-file bureau. We at SmartCoin aspire to bridge this gap by optimizing our state-of-the-art tech platform and enabling credit access for emerging India by arranging "digital collateral" on the basis of user-generated phone data that can effectively reflect user behavior.  Due to the pandemic-induced economic slowdown, the digitalization and use of technology have increased more than ever, and it's across sectors of the industry. With ever-increasing digitalization and cheap internet, India is on the right track for financial inclusion. Since we serve products specially made for Bharat, our mission is to deliver 100% digital easy sachet loans for the productivity and upliftment of credit-starved people from Tier 2 and 3 cities across the country. We wish to serve the next half a billion people who either don't have a CIBIL score or do not have formal access to bank accounts.

Type of Loans

👉 Premium Loans for Salaried - Personal loans worth ₹1,000 to ₹1 Lakh with flexible disbursement tenure ranging from 91 to 270 days on our quick loan app. Only PAN card, address proof & salary proof are needed.

👉 Premium Loans for Self Employed – Instant loans worth ₹1,000 to ₹1 Lakh with flexible disbursement tenure ranging from 91 to 270 days. Only PAN card & address proof are needed.

👉 Online Loan - Loans starting from ₹ 1,000 up to ₹ 2 Lakhs, with the funds credited directly to your bank account. 100% Online. Minimum Documentation. Fastest Disbursal.

👉 Home Loans - Looking for funds to buy your dream house? We got you covered. SmartCoin offers a one-stop solution to every home buyer, with instant loans starting from ₹ 1,000 up to ₹ 1 Lakh.

👉 Car Loans - Now buy your first car without any budget constraints on your mind, with SmartCoin. Get quick loans from ₹ 1,000 up to ₹ 2 Lakhs, instantly in your bank account. It's that easy!

We stimulate SMBs and individuals’ development and financial inclusion in India through ML and AI in financial services. SmartCoin has been recognized by Google’s Launchpad Accelerator as one of 10 start-ups of India that are working on the cutting-edge ML platform. We have also been awarded as one amongst the global top 50 fintech start-ups by MetLife, VISA, IFC, NASSCOM, etc. So far, we have raised 10m$ with investors like LGT Lightstone, Accion Venture Lab, Unicorn India Ventures, etc who are deeply invested with the founders and helping us on a path to become a unicorn.

We aim to provide accessible loans to our customers, especially those who reside in Tier-II and III markets while keeping default rates low. Till now, we have disbursed more than 2 million loans worth over 500cr, to our 6.6 million users. We are spread across 18,000+ pin codes in India and we aim to serve the next billion customers in the country.

One can avail of loans ranging from INR 1,000 to INR 1 Lakh. As far as the repayment is concerned, one can clear his/her dues anytime during the loan duration is 62 days to 270 days. Regarding the interest rates, they range from 0%-36% depending on the customer's risk profile and product availed. During the process, our representation takes the customer through the features and the interest charges.

Our vision is to use technology to enable the mass markets of India for any of the financial needs and hence we want to build a digital bank that will yield us a 100x growth in revenue & 10x growth in the team size.