Neokred Company Research Report

Company Overview

• Name: Neokred

• Mission: Neokred transforms how brands connect with and retain their customers by building seamless, personalized, and frictionless customer experiences in the Banking, Financial Services, and Insurance (BFSI) sector.

• Founded: No information is available

• Founders: No information is available

• Key People:

• Rohith Reji, Co-founder & CEO

• Tarun Nazare, Co-founder & Managing Director

• Vivek Sridhar, Director - GTM

• Hariharashudhan V K, COO & Director

• Dipali Padia, Director - Business Development

• Gopal B Hosur, Advisor, ProfileX

• Venkatraman K, Advisor, CollectBot

• Headquarters: Bengaluru, India

• Number of Employees: No information is available

• Revenue: No information is available

• Unique Selling Proposition: Neokred is known for providing a platform that bridges banks' trusted infrastructure with customers' innovative solutions, significantly reducing time-to-market for launching financial products.

Products

Verify

1. Mobile Number Intelligence

• Description: Builds a comprehensive user profile using mobile number data to ensure regulatory compliance and reduce onboarding time.

• Key Features:

• Complete identity verification

• Insights into network provider and billing type

• Social media and financial verification

2. Digital KYC Verification

• Description: Facilitates real-time document verification and fraud detection using facial recognition technology.

• Key Features:

• Over 70 KYC APIs

• Real-time fraud detection

• Seamless integration

Pay

1. Online Checkout SDK

• Description: Supports multi-channel payment acceptance with intelligent routing and simple integration.

• Key Features:

• Accepts cards, net banking, UPI, and wallets

• Simple API integration

2. Payout APIs

• Description: Enables varied and reliable payouts for multiple financial services.

• Key Features:

• Instant refunds and reward disbursement

• Supports multiple currencies and payout channels

3. Virtual Account Number Solution

• Description: Offers real-time reconciliation and instant fund settlement for enhanced financial agility.

• Key Features:

• Unique Virtual Account Numbers (VANs)

• Automatic matching of payments to VANs

4. UPI Payment Stack

• Description: Provides robust infrastructure for UPI transactions with ultra-low latency.

• Key Features:

• Zero transaction fees

• High transaction success rate of 99.99%

Consent

1. DPDP Consent Manager

• Description: Manages user consent aligning with the Data Protection principles.

• Key Features:

• Complete consent lifecycle management

• Real-time consent analytics

Other Solutions

1. CollectBot

• Description: Simplifies payment collections with virtual accounts, offering seamless reconciliation and settlement processes.

2. ProfileX

• Description: Provides deep user profiling for BFSI and other sectors to enhance customer onboarding and verification processes.

Recent Developments

• New Products Launched:

• Launch of “Blutic”, India’s first futuristic consent manager, at the Global Fintech Festival.

• Strategic Partnerships:

• Partnership with All India Gaming Federation (AIGF) to announce Game Bureau for fraud prevention and user verification.

• Industry Recognition & Expansion:

• Neokred anticipates achieving 5 billion transactions milestone with Collectbot by FY 2025 and announces global expansion.

• Significant Events:

• Announced Series B funding in April 2024 to support their growth and development amid the rapidly expanding digital landscape.

No additional commentary is available beyond the requested points.