Company Market Research Report: CreditVidya

Company Overview

• Name: CreditVidya

• Mission: Reimagining credit for an inclusive world by harnessing AI and big data technology to empower lenders for profitable underwriting of first-time borrowers.

• Founded: 2013

• Founders: Abhishek Agarwal (Co-founder and CEO), Rajiv Raj (Co-founder and Director)

• Headquarters: 2nd Floor, Block 2, My Home Hub, Hitech City Road, Hyderabad, Telangana - 500 081, India

• Key People:

• Abhishek Agarwal: Co-founder and CEO, with a background in computer science and math, an MBA from UCLA Anderson School and London Business School, and former Head of Products and Data Strategy at Experian.

• Rajiv Raj: Co-founder and Director, having 24 years of experience in retail banking, SME lending, and credit bureaus.

• Number of Employees: No information is available

• Revenue: No information is available

• What the Company is Known For: CreditVidya is recognized for leveraging AI to optimize credit risk assessments, particularly for individuals without traditional credit histories.

Products

• EVE: CreditVidya offers advanced credit assessment tools embedded in lenders' and digital platforms' applications. These are primarily AI-driven solutions aimed at improving the underwriting process for first-time borrowers.

• High-Level Product Description: CreditVidya’s product suite includes a Software Development Kit (SDK) designed to assess credit risk using alternative data. The SDK, once integrated into partner apps, enables swift credit evaluation processes.

• Key Features:

• AI and Big Data Integration: Utilizes alternative data streams for better creditworthiness determinations.

• Instant Loan Decisions: Provides a rapid assessment allowing lenders to decide on credit issuance in less than a minute.

• Data Security: Ensures high standards of data privacy and security with ISO 27001 certification, utilizing encryption for transmission and at rest.

Recent Developments

• New Products and Features:

• Enhanced the SDK to perform various functions such as employment verification which significantly reduces loan processing time.

• Partnerships:

• RBL Bank Partnership: Implemented solutions for effective underwriting of salaried individuals by verifying employment details.

• PNB Housing Finance Collaboration: Enabled digital employment verifications in partnership with PNB Housing Finance to streamline the consumer experience.

Awards & Recognition

• Inclusive Fintech 50 (2019)

• FE Best Banks Awards (2017)

• Best AI Application, Amazon AI Conclave (2018)

• Top 100 Fintech Firms, World Economic Forum (2017)

• Financial Inclusion Casebook, Governance Now (2018)

• Startup 50 Award, The Smart CEO (2017)

• Trendsetter in Fintech, Governance Now (2019)

• Cool Vendor - Innovation in Fintech, Gartner (2018)

Security & Data Privacy

• CreditVidya emphasizes robust data security and privacy protocols with ISO 27001 certification.

• Implements privacy by design, requiring explicit user consent for data collection.

• Uses advanced encryption and privacy measures designed to protect user information during transmission and storage.

Other Information

• Contact: info@creditvidya.com

• Phone: 040-4852 1334

No information is available for fields related to the number of employees and revenue. Please reach out to CreditVidya directly for more detailed insights or specific requests.