We’re extremely glad to announce yet another investment from our Fund - I !

Credit Nirvana, an AI based NPA Prediction, Risk Management & Collections Automation platform for Lenders is now a portfolio company of Cornerstone Venture Partners Fund !

It’s one of the first movers in this segment to extensively use ML-based models to predict delinquencies, recommend preemptive / corrective actions in real-time, personalize communication for customers and automate the end-to-end EMI collection process. In short, it enables Lenders to boost their cashflow by upto 5% every month !

Why we invested in Credit Nirvana

1. The Founders, Raj, Partha & Vijay come with deep domain knowledge and relevant technology expertise. All have 20+ years of experience in building technology solutions for Financials Institutions to improve their processes and cashflow
2. The Product directly impacts one of the most critical processes for its customers - loan management & collections, creating a significant impact directly on the revenue performance of the business. It completely transforms the way loans are currently managed by lenders and empowers it with multiple layers of automation and intelligence. While early days, the platform delivers on achieving ‘Impact-Scale’ - evident from it’s relatively high revenue per customer (minimum INR 5+ mn per annum).
3. A clear road-map to ‘Category Leadership’ is already in place. In the next 24 months, the product will further evolve to digitize & automate the end-to-end processes of loan management & collections across Retail & SME loan products. We expect the platform to become the ‘de-facto’ standard to loan management & collections in any kind of lending business globally.
4. Most importantly, the platform to will slowly but surely establish value-propositions for each and every stakeholder in the value-chain, creating universal acceptance, visibility and ‘Control across the Lending Value-chain’. With its proprietary intelligence, the platform has the potential to provide input & feedback to close the loop right from underwriting to management, renewal and collections.

Conclusively, our investment hypothesis is supported by a highly scalable technology, proprietary ML algorithms & data models, unmatched data intelligence and proven product-market fit with top Lenders of the country as their customer.

We are trilled to join Credit Nirvana in it’s journey!

Learn more about: CSVP Fund | CGES Index | Enterprise SaaS

~Vatsal

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