MONEYONCLICK
* At MoneyOnClick we are building India’s largest financial services brand for the 500 Mn lower middle income customers in 4000+ small cities (which we term as “India 4”). This customer segment has very little penetration of formal loans, insurance or saving products as existing financial service players see this segment as risky and non profitable . We have created custom lending, insurance and saving products that are tailormade to serve the needs of India4 customers. * To reach these c... ustomers at low CAC, we have built a proprietary tech enabled offline-to-online social distribution channel where we have onboarded thousands of financially literate free-lancers such as LIC agents and junior financial sector employees in 1000+ cities. Our fully automated social partner app is available in 8 Indian languages and helps us manage these partners remotely without any physical presence. * The general perception is that this customer segment is highly risky and non lendable. We are happy to share that we have been able to maintain near 0% default rates despite Covid19 . Our proprietary ML based family underwriting where we evaluate the P&L of the family and give a joint liability family loan has helped us maintain these low default rates.
MONEYONCLICK
Industry:
Financial Services FinTech Internet Lending
Founded:
2018-10-01
Address:
Bangalore, Karnataka, India
Country:
India
Website Url:
http://www.moneyonclick.com
Total Employee:
11+
Status:
Active
Contact:
080 4697 2336
Total Funding:
4.25 M USD
Technology used in webpage:
Viewport Meta IPhone / Mobile Compatible SPF SSL By Default Google Font API Google Analytics Apple Mobile Web Clips Icon Google Tag Manager WordPress Content Delivery Network
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Current Employees Featured
Founder
Investors List
Picus Capital
Picus Capital investment in Seed Round - MoneyOnClick
Kalaari Capital
Kalaari Capital investment in Seed Round - MoneyOnClick
3one4 Capital
3one4 Capital investment in Seed Round - MoneyOnClick
Orios Venture Partners
Orios Venture Partners investment in Seed Round - MoneyOnClick
Official Site Inspections
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