MUMBAI, India, Nov. 1, 2021 /PRNewswire/ -- Dvara E-Registry, an agrifintech startup that works towards financial inclusion and agronomic productivity of smallholder farmers in India, is pleased to announce its selection to the 2021 Inclusive Fintech 50. This competition recognises 50 top technology startups driving financial inclusion for billions of underserved people around the world.
Inclusive Fintech 50 winners are chosen by an independent panel of industry-leading experts from across the globe. The list recognises the most promising technology startups offering solutions among credit, insurance, payments & remittances, savings & personal financial management, or infrastructure addressing special challenges of underserved customer segments. Dvara E-Registry was selected from amongst nearly 300 eligible fintech startups based on four criteria: Market Traction, Scale Potential, Innovation, and Inclusiveness.
Founded by Sanjay Mansabdar in 2019, Dvara E-Registry has built Doordrishti – a comprehensive, integrated platform for all the stakeholders in the agri value chain with farmers and farmers producer organisations (FPOs) being the beneficiaries. Apart from offering customised agronomic advisory and market linkages that enable productivity of farmers, Dvara E-Registry also provides farm-specific analytics that allow financial institutions to make informed credit underwriting decisions, significantly de-risking agricultural loans. These analytics use historical alternative data from multiple sources, helping banks sanction agricultural loans for New to Credit clients, most of whom are smallholder and marginal farmers. In addition to this, Dvara E-Registry also provides financial institutions other services like real-time crop monitoring tools, end–to–end facilitation of agricultural loans and access to rural smallholder farmers through Doordrishti's engagement with over 50 FPOs and thousands of farmers across India. This award recognises Dvara E-Registry's unique remote-sensing, analytics-driven digital lending platform for small and marginal farmers who are new to credit.
Speaking about the achievement, Sanjay Mansabdar, Founder & CEO of Dvara E-Registry, said, "We are very pleased to be recognised by the Inclusive Fintech 50 jury for our unique platform and its ability to facilitate lending to small and marginal farmers across the country."
Inclusive Fintech 50 is sponsored by Visa, MetLife Foundation, and Jersey Overseas Aid & Comic Relief, with support from Accion and IFC. As winners of this competition, Dvara E-Registry will be featured during Financial Inclusion Week, an annual virtual event organised by the Center for Financial Inclusion at Accion for the inclusive finance community to discuss the latest developments and key issues facing the sector. Visa is also offering an array of educational resources for the winning fintechs to help them grow.
About Dvara E-Registry: Dvara E-Registry is an agrifintech startup building a digital platform to improve access to agricultural services, both financial and advisory, for all stakeholders in the agri value chain. The startup is a portfolio company of Dvara Holdings (formerly Dvara Trust) and part of the Dvara Venture Studio cohort that supports entrepreneurs working towards large-scale systemic change in financial inclusion.
For further information, please visit: www.dvaraeregistry.com