VC Fund Investments
SaaS provider to lenders Monsoon CreditTech raises funding led by HDFC Capital
Gurugram-based fintech SaaS startup Monsoon CreditTech has raised funding in a round led by HDFC Capital, with participation from existing and new investors including DMI Alternative Investment Fund – The Sparkle Fund, US-based Top Shelf Equity Partners and angel investors. The firm has launched ‘Thoth', a no-code analytics platform that would enable any user to build machine learning (ML) models in a short time and analyse performance on real-world data. Founded in 2016 by Ashwini Anand, Monsoon CreditTech provides ML-powered predictive models to banks, fintech startups, non-banking financial companies (NBFCs) and housing finance companies (HFCs) for loan underwriting, risk assessment, cross-selling, customer attrition management, collections optimisation and risk-based pricing. Monsoon CreditTech claims to have more than 25 customers, including private-sector banks.
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