Moca Fintech Solutions Private Limited

In their own words

"Difference MOCA is bringing to the Indian lending market Our idea is to develop a platform for both borrowers and lenders for faster and more secure credit delivery, creating a win-win situation for both parties. The borrowers will use the platform to provide their requirements, credentials, and documents. The data analysis will throw a score depending on the strength of their financials, past history verified by the credit bureau, the conduct from bank statements, etc. the lenders can view only the score and requirement. We will disclose the rationale behind the score ( like rating agencies )to lenders. Once the lender confirms their deal with the amount, pricing, turnaround time, and other requirements, we will choose all the bids and share what's suitable to the borrower in a ranking. The lender will also be intimated regarding their ranking on the basis of their offer, which will give an opportunity in case any of the lenders wish to modify their offer. The borrower can choose the lender on the basis of offers made by financial institutions and give consent for sharing the documents with the lender. We will then pass on the requirement and document to the lender. We will pass on the lead to the next lender in case of an undue delay in turnaround time from the selected lender. The borrower will have the option to choose any lender who sanctions. Our role will be till we hand over the documents and the loan is sanctioned. We will also provide additional service to work very closely with the borrower as an advisory by keeping a record of repayments and in case of any irregularity, we will advise the customer on how to overcome the liquidity issue which will help in identifying stress at an early stage and resolving. Target SMEs and capture the complete cash flows to have a Cash flow-based lending option that will have multiple channel/Principle partners Implementing digital collection and payments to ensure the complete cash flow is tracked to ensure small traders/Micro SME's have a better cash flow approach to enhance the continuous credit facility Segmental approach to ensure digitalize the payment mechanism in unorganized sectors thereby creating debt proposition for these traders and small scale manufacturers "

Written by the company on its public Startup India profile. Not verified by us.

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