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    BFSINXT
    Home » Monsoon CreditTech raises funds led by HDFC Capital
    Fintech

    Monsoon CreditTech raises funds led by HDFC Capital

    Ashwini Anand, CFA, Founder and CEO, Monsoon CreditTech, "Our goal is to revolutionize lending using machine learning and artificial intelligence. We are driven to help create a world where every credit-worthy borrower gets access to adequate credit in a manner such that economic value is maximised for lenders, borrowers and society."
    November 14, 20223 Mins ReadBy Bfsinxt Desk
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    Monsoon CreditTech, a Fintech start-up has raised funds led by HDFC Capital. The round had several existing and new investors including DMI Alternative Investment Fund – The Sparkle Fund, US based Top Shelf Equity Partners and prominent angel investors like Vellayan Subbiah and Akash Bhanshali of the Enam Group.
    Monsoon CreditTech is a fin-tech company catering to large financial services companies, including Banks, NBFCs (Non-Banking Financial Companies), HFCs (Housing Finance Companies) and Fintech firms. Its Machine Learning Powered Predictive Models are used by lenders for various credit and risk use cases such as loan underwriting, risk assessment, cross-selling, customer attrition management, collections optimization and risk-based pricing.
    Ashwini Anand, CFA, Founder and CEO, Monsoon CreditTech said, “We are excited about our partnership with HDFC Capital that will propel our next phase of growth. We are also thankful to our existing investors and new investors for reiterating their confidence in our business and validating the huge market opportunity that we are targeting. We will continue to leverage our deep expertise in building proprietary machine learning technology to take our company forward. Our goal is to revolutionize lending using machine learning and artificial intelligence. We are driven to help create a world where every credit-worthy borrower gets access to adequate credit in a manner such that economic value is maximised for lenders, borrowers and society.”
    Vipul Roongta, MD of HDFC Capital Advisors which led this round of funding said, “Monsoon CreditTech’s razor sharp focus on building cutting edge technology in-house has enabled them to provide industry leading solutions to the financial services sector. HDFC Capital through its HDFC Affordable Real Estate and Technology Program (H@ART) has partnered with Monsoon CreditTech to develop technology and analytics led solutions that has the potential to transform the real estate ecosystem in India.”
    Sateesh Polisetti, CEO & Managing Partner of Top Shelf Equity Partners said, “At Top Shelf, we invest in high-quality companies with strong fundamentals that has the potential for hypergrowth and we see Monsoon CreditTech as one such company. As a firm believer in the power of AI and ML to transform the economy in general and the BFSI space in particular, we have invested in the companies like People.ai, SoFi, ThoughtSpot and RobinHood and we view our investment in Monsoon CreditTech through this lens.”
    Previous investors of Monsoon CreditTech include independent angel investors Sunil Kalra and Aditya Singh, former senior Microsoft executive Rishi Srivastava and Google India’s Rajan Anandan.
    HDFC Monsoon CreditTech
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