What is FinBox Credit Stack?
What do we do?#
FinBox is a credit infrastructure company that provides fair, formal, and in-context digital credit to 60 million MSMEs in India. We enable any company to become a FinTech company through our Embedded Finance platform which integrates seamlessly within any digital ecosystem.
We are at the intersection of cutting-edge technology and deep credit expertise. Our product suite includes -
- Credit Stack - FinBox enables any company to launch a digital credit programme on their platform by leveraging our end-to-end credit infrastructure.
- Risk Intelligence Stack - FinBox enables lenders to improve their approval rates and collection percentage by providing risk intelligence
- Data Stack - FinBox enables customers connect their data to financial institutions
The challenge#
The credit gap for MSMEs in India is $380 Billion.
MSMEs are already onboarded on digital platforms/commerce portals and generate a lot of data on/off the platforms. This data can be used to underwrite them. Despite being a high-quality borrower pool, they have low access to credit. This is because they lack formal data that financial institutions understand. In addition, they often operate informally, require small and flexible credit, which financial instutitions can't offer.
This is the problem that FinBox solves. The key to winning in MSME credit is in-context, tailored credit with partnerships and using alternate data to underwrite borrowers with GST, transactions on the platform, cash flows etc.
Features of the FinBox Credit Stack#
- You can build multiple credit products - FinBox credit stack is modular, configurable, and enables you to go live with any credit product quickly.
- Cross platform support - FinBox products are supported on all platforms and tech stacks.
- Developer Friendly - FinBox Credit stack is designed to shield all complexity from developers, enabling them to become productive quickly using its thoughtful abstractions.
- Supports end-to-end lending lifecycle - FinBox Credit Stack manages the entire lending lifecycle.
What can you build with the FinBox Credit Stack?#
Credit Products#
- Buy-Now, Pay-Later
- Buy-Now, Pay-Later Overdraft
- Working Capital Loans
- Term Loans
- Credit Line
- Salary Advance
- Personal Loans
FinBox's intelligent AI/ML engines streamlines credit risk assessment, making it faster and more effective. It reduces delinquencies, while increasing the number of loans disbursed.
Risk Assessment Products#
FinBox Risk Stack is built on a dataset of 16 million borrowers. This enables precise conceptualization of credit products for various populations. It assesses more than one million applications every month and approves 50% more applicants than traditional lenders.
Building blocks#
These are the components of a digital lending program. FinBox offers each of these as a part of it's end-to-end stack.
- Customer Onboarding - Onboard borrowers and process loan applications
- Risk Assessment - Underwrite borrowers and determine optimal loan terms
- Capital - Lend capital (provided by a lender) to borrowers
- Loan Management - Automated management of entire loan pipeline from application to repayment
- Collections - Retrieve money lent to borrowers
- Reconciliation - Analyze loan data and produce summary report
