- No. of Employees95
- Founded Year 2018
- Company StagePrivate Limited Company
- Total Funding₹375.49 Cr
- Industry
- Headquarter
- Company StatusActive
Revfin is an award-winning digital lender, formed to make loans convenient and accessible to financially excluded individuals. For this it has built an advanced lending platform which along with using traditional underwriting methods like using credit and banking history data also uses innovative techniques like - Biometrics, Psychometrics and Gamification. Such innovative techniques help capture data from users as part of the loan application journey, removing dependence from third party sources. Use of complex algorithms help make fast and reliable decisions.
Revfin was incorporated in March 2018, with lending operations starting in October 2018. It lends through its own NBFC subsidiary. It is currently focusing on financing Electric Vehicles for individuals who operate them commercially for passengers or goods carrying. These include three wheelers (cargo deliveries, last-mile home drops) and two wheelers (e-commerce deliveries). Revfin partners with OEMs, Fleet Operators/Aggregators, and e commerce companies to provide loans to drivers working on various platforms and through dealerships.
RevFin is a fintech startup that provides loans to individual drivers for financing commercial electric vehicles. The company uses alternative data and techniques to make lending decisions, which helps it to provide loans to people who may not have a traditional credit history.
- Nueva Capital, Recorp Services, Omidyar Network
Note:
The total funding of the company also includes the debt raised. Akin to this, its total funding exceeds the valuation. Valuation as of the first tranche of Series B round and may rise when it receive the remaining sum.