SMEcorner is an NBFC fintech that provides small-ticket business loans to micro, small and medium enterprises and unorganized retail shopkeepers using a tech-enabled underwriting stack. The company uses proprietary scorecards, OCR tools and other machine-learning/AI techniques to accelerate credit underwriting. It operates an asset-light, co-lending model and is present across 15 cities in four Indian states. SMEcorner obtained its NBFC license in February 2018 and has serviced over 8,000 unique customers, disbursing more than INR 550 crore since licensing. The startup plans to rapidly scale lending partnerships and market expansion, target lending INR 1,000 crore by the end of the next financial year, and add over 20,000 new customers while continuing to build proprietary technology.

Total raised

$30M

Funding rounds

2

Latest round

Series B

Latest activity

Mar 2020