This article showcases our top picks for the best India based Debt Collection companies. These startups and companies are taking a variety of approaches to innovating the Debt Collection industry, but are all exceptional companies well worth a follow.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top India Debt Collection Companies
CreditMate addressing a large pain point for India’s lenders – Collection of bounced EMIs and Bad debt through a SaaS platform. In CreditMate their mission is to empower Borrowers with better credit scores and Lenders with improved lending performance.
They are committed to building intuitive and positive experiences to help India’s millions of borrowers make EMI payments using Innovative Technology, Data Intelligence and Automation. India is a Global economic powerhouse with a trillion dollars of lending already live and growing 25% every year.
However, this lending is plagued by EMI failure rates of over 10 percent every month putting millions of loans and billions of dollars of capital at risk. They tackle this challenge head on to help drive India’s Economy forwards.
Borrowers on their platform can repay instantly digitally, pay cash at one of their 100,000+ neighborhood drop points or simply schedule pick ups anytime, anywhere. Lenders use their Intelligence driven strategies coupled with their unrivalled National reach to confidently expand to new geographies and products.
Collection agencies use their Tech and Data solutions for cost reduction, process optimization and fraud prevention giving them access to tier one lenders.. .
Moneytor is helping automate debt collection. They endeavor to convert a frowned upon part of the financial chain into a happy experience for both, financial firms and their customers.
By doing this, they shall help lenders reduce their recovery costs as well as default rates, while still maintaining friendly relations with their clients.. .
CreditNirvana – helps business in executing empathetic and personalised collection process leveraging Ai and Digital Technologies. Fortune 500 Companies like Toyota Financial Services India Ltd, HDFC Ltd etc have enormously benefited using our Ai Platform Driven Digital first collection services.
CreditNirvana is an end to end Debt collection platform built on patent pending ML algorithms exclusively developed for Debt Collection and execute Digital first debt collection services. .
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