Indifi continued to build on its network of digital partnerships by both; deepening existing relationships across E-commerce, Food Delivery, Retail Payments, Digital Marketplaces etc; and adding new partners. Additionally, the share of marketplace lenders in the AUM saw a 25% increase over the last FY, thereby contributing 50% by value in March ‘23. Indifi’s credit performance, underlined by segment specific ML based scorecards, remained stable through the year. Improvement in underwriting models enabled the company to go deeper into the funnel of applicants to deliver higher approval rates and more sharply align credit limits with the risk profile of the borrower.
Chief Business Officer, Indifi Technologies, Aditya Harkauli said in a statement, “The milestone marks a small step forward in the company’s journey. More importantly, Indifi’s performance in FY23 reiterates our commitment to profitable growth. Concomitant with the doubling of disbursals & AUM were improvements across functional KPIs ~ operating costs, cost of funds, NPA, credit rating ~ that added up to improve the ROTA profile of the book. Going ahead, we would look to double up again over the course of FY24, while seeding new initiatives for growth in the longer term. Adding & deepening partnerships, both on the demand and supply side, will continue to be the route to scale. Accentuation of co-lending with Banks will be noticeable in the augmentation of supply, over the course of the year.”
Indifi Technologies, founded in 2015, is a Gurgaon-based online platform solving the credit needs of the underserved, credit-worthy businesses through an ecosystem-based and verticalised approach to digitised lending. Indifi’s tech-led approach to lending helps analyse data of businesses from various leading tech-aggregators.
