Monsoon CreditTech Technologies Pvt. Ltd
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Monsoon CreditTech Technologies Pvt. Ltd - overview
Established
2016
Location
Gurgaon, Haryana, India
Primary Industry
Software
About
Monsoon CreditTech Technologies Pvt. Ltd specializes in leveraging machine learning and artificial intelligence to enhance lending decisions for the Banking and Financial Services sector, focusing on risk assessment and customer retention. Founded in 2016 in Gurgaon, India, Monsoon CreditTech provides innovative solutions for financial institutions. The company has successfully completed three funding rounds, with the latest being a Series A round in March 2022, raising INR 91.
09 million led by HDFC Capital Advisors. The founder, Ashwini Pillutla, has a history of leadership in technology-driven financial solutions. Monsoon CreditTech focuses on advanced machine learning and AI solutions tailored for the Banking and Financial Services Sector. Their core offerings include predictive scorecards for various applications, utilizing diverse data sources to enhance lending decisions.
They serve over 25 financial institutions across India, Southeast Asia, and emerging markets, improving metrics related to risk assessment and decision-making processes. For the fiscal year 2023, Monsoon CreditTech reported a revenue of INR 561,467. 2 and an EBITDA of INR 126,330. 7, reflecting their business model based on partnerships and licensing agreements with banks and fintech organizations.
Monsoon CreditTech intends to use the INR 91. 09 million raised in Series A funding to accelerate growth and enhance its proprietary machine-learning technology capabilities. They are exploring the launch of new products designed for enhanced lending solutions, aiming to enter additional markets within Southeast Asia and beyond by 2024, thereby expanding their client base and improving operational efficiency.
Current Investors
DMI Finance, Mastercard Start Path, HDFC Capital Advisors
Primary Industry
Software
Sub Industries
Consumer Finance, Accounting/Finance Software, Analytics & Performance Software
Website
www.monsoonfintech.com
Company Stage
Series A
Total Amount Raised
Subscriber access only
Monsoon CreditTech Technologies Pvt. Ltd - timeline of key events
Monsoon CreditTech Technologies Pvt. Ltd - financials
| Fiscal Year Ended | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 |
|---|---|---|---|---|---|---|---|
| Revenue (USD) | 25,000 | 695,750 | 2,710,000 | 12,462,718 | - | - | - |
| % Revenue Growth (YoY) | - | 2683.0% | 289.5% | 359.9% | - | - | - |
| EBITDA (USD) | (2,681,788) | (7,569,291) | (10,167,474) | (2,931,037) | - | - | - |
| Operating Income (USD) | (2,760,398) | (7,600,077) | (10,179,819) | (2,932,714) | - | - | - |
| Operating Margin | (11041.6%) | (1092.4%) | (375.6%) | (23.5%) | - | - | - |
| % EBITDA Margin | (10727.2%) | (1087.9%) | (375.2%) | (23.5%) | - | - | - |
| NET Income (USD) | (2,649,092) | (7,414,979) | (9,882,884) | (2,148,107) | - | - | - |
| % Net Margin | (10596.4%) | (1065.8%) | (364.7%) | (17.2%) | - | - | - |
Monsoon CreditTech Technologies Pvt. Ltd - employee data
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