Right this moment companies are evolving quickly with gentle quick velocity in order the wants. Because of this, customers, purchasers, and enterprise ventures of at the moment are predominantly depending on credit score to run their companies easily and effectively. Credit score availability and acceptance of a proposal lie in your credit score rating, which suggests a superb credit score rating might be quintessential to avail loans and credit score for the acquisition and bespoke.
Moreover, a credit score rating acts as a touchstone to current a extra accountable picture of you within the eyes of potential employers. The truth is, it additionally comes with added advantages like enticing insurance coverage selections, tax financial savings, and far more. The present reimbursement ecosystem in India is gradual, damaged, and nonrewarding. Whereas there isn’t a dearth of establishments providing credit score, there isn’t a single platform to handle your debt. Right here’s a rundown of three platforms that may allow you to handle your credit score well being whereas additionally offering some thrilling perks and advantages:
- CheQ – Based by Aditya Soni, Bengaluru-based fintech startup CheQ is a B2C credit score administration platform that has raised $10 Mn in a seed spherical led by Enterprise Freeway and 3one4 Capital. The seed spherical additionally noticed participation from Multiply Ventures, Marshot Ventures, and Veda VC. CheQ additionally has the backing of angel traders similar to Naveen Kukreja (CEO, Paisabazaar) and Shailaz Nag (founder and CEO, Dotpe). CheQ goals to simplify discovering and managing credit score merchandise for patrons, permitting them to make good selections of the identical. The startup is concentrating on to launch its first product, a credit score administration platform and construct a staff with the incoming funds. It should additionally put money into applied sciences that may assist it differentiate itself from different gamers current on this area.
- CRED – Cred was based by Kunal Shah; by 2021, the corporate had onboarded over 5.9 million customers and processed about 20% of all bank card invoice funds in India. As of April 2021, Cred provided six completely different merchandise – Cred RentPay, Cred Money, Cred Pay, Cred Retailer, and Cred Journey Retailer, and so forth. Nonetheless, on 20 August 2021, Cred additionally launched a Peer to Peer(P2P) lending characteristic referred to as Cred Mint that goals to monetise via its 7.5 million customers.
- One Rating- Born in July 2019. Based by skilled professionals from the monetary companies trade, we intention to coach and empower Indian customers with good credit score habits. The app permits you to stimulate your credit score rating and get solutions on the way to enhance it with an AI-powered rating enchancment planner. It additionally has good insights personalized to develop your credit score rating to the extent you need, within the time you need.