New Delhi, Jun 9 (UNI) Fintech major Finance Buddha today said it has crossed the landmark disbursal of over Rs 100 crore of consumer loans in May 2016.
“We are extremely excited about crossing the 100 crore hurdle in May and feel that we have built significant scale in this space. We are using our omni channel distribution strategy coupled with a huge technology multiplier which helps in seamless matchmaking and recommendations to consumers and insights to our employees and our associate network,” Parth Pande, co- founder and CEO, Finance Buddha.
The company said it will work on using data analytics through predictive modeling and machine learning based techniques on its large customer base to create instantaneous credit solutions in the future.
“We feel that most of our future decision making will be data driven, and the fact that we have a large customer base of over 100,000 serviced customers and have insights using the same, we would be in a better position to create the necessary momentum to grow volumes from here,” Mr Pande added.
The company is hoping to disburse over Rs 2,000 crore loans in 2016-17.
UNI ASH RN AE1611