Namaste Credit Wins Jury Special Fintech Award at Amazon AI Conclave 2019

Namaste Credit, India’s leading AI-based credit discovery and assessment platform, today announced that it won the Jury Special Fintech Award at the recently held Amazon AI Conclave 2019 in Bangalore.

The Amazon AI Conclave Awards is designed to honour and encourage innovative players who are proving to be real game-changers with ideas that are creating a significant impact. The awards witnessed participation from over 370 startups across genres like Retail-tech, Health-tech, Media and Entertainment, Enterprise & Industrial IT, Fintech, Social Innovation and more.

Namaste Credit also made it to the top three finalists in the fintech category. The Amazon AI Conclave recognized the fintech for its AI-based credit assessment solution, iCAM for banks and NBFCs, which allows them to facilitate faster loan approvals.

Lucas Bianchi, co-founder & Director of Namaste Credit, says, “With our continuous innovation and investment in AI & ML, we have been able to bring in sea-changes in making lending faster and smoother for MSMEs and Financial Institutions alike. We will continue to bring in further innovation. This win is also recognition of the untiring efforts our excellent team. Namaste Credit will continue to innovate its offerings, and make a bigger mark in Indian and International markets.”

Namaste Credit’s core USP is getting higher approval rates for MSMEs using its technology. Its AI-powered SaaS solution enables matchmaking of SMEs with most suitable lenders, facilitating highest loan approval rates.

Its proprietary technology enables automated credit underwriting to analyze 100x more data points than the underwriting process zero manual errors and comprehensive fraud detection.

The startup also helps micro-enterprises seek a pre-approved loan through its Neo-banking services. The company has raised $3.8 million USD in Series A from Nexus Venture Partners in 2018.