Fintech is the live example of how successful Digital India initiative has been in the country. With rigorous innovation, fintech has today bridged the credit gap in lending space which has directly fueled the nation’s GDP. However, a less-talked impact of the fintech sector is its contribution towards a greener tomorrow. Most fintech players have tapped digital alternatives such as apps and paperless banking which has led to minimal or no usage of paper. Certain fintech players are also focusing on “green energy credits” to people who work for conserving environment, might it be using a public transport instead of personal vehicle or planting a tree. In their bid to move towards a greener planet, more players are gradually introducing concepts such as this.
CoinTribe
CoinTribe is a leading SME lending focused marketplace that provides quick and easy, collateral free loans to Small Businesses with annual turnover between 1 – 100 Cr. Cointribe believes that effective underwriting is at the heart of solving the gap in SME lending market and is the only online lending platform that has back-tested its credit model with large banks and continues focusing. CoinTribe has partnered with some of the leading Banks and NBFCs to simplify the SME borrowing experience requiring just the basic business and key person(s) details along with business bank statement(s) to arrive at credit approval. CoinTribe is currently serving SMEs in Delhi NCR, Mumbai, Pune, Surat, Jaipur, Chandigarh and Ahmedabad. Besides unsecured term loans, CoinTribe also runs one of most deeply penetrated Dealer Financing programs and equips select lenders with its PaaS (Platform-as-a-Service) offering to digitize and bring effectiveness to their lending processes
GIBL.IN
GIBL.IN is India’s largest online insurance distribution network certified under the Insurance Regulatory and Development Authority of India (IRDAI). It endeavours to provide the lowest prices possible on online general insurance policies from top-rated companies, in order to meet the needs of its customers across social strata and demographics. GIBL is driven by its focus on reaching out to rural and urban customers through the implementation of advanced technology in the online insurance distribution sector and to bring offline customers to the online platform using its unique agent-based POS Program. GIBL offers customers a web-based portal and a mobile app-based platform through which they can buy insurance on-the-go. People can get them Registered and buy the policy, pay the premium online. They are the one who give both offline and online both. This has omitted the usage of paper and making insurance with a click.
Happy
Promising a unique borrowing experience to Indians, Happy provides customized loan offerings to consumers to meet their specific demands. It even offers Micro Business loans that start at as low as Rs 2,000 for durations as short as 30 days. By empowering small businesses and merchants to meet their working capital requirements, Happy aims to be the harbinger of a financial revolution that ensures the availability of funds to every business person as and when required. It has partnered with numerous merchant aggregators to help their merchants’ businesses develop a stable working capital base.
