S6 Ep125: Onboarding Credit Risk With Nageen Kommu of Digitap.AI

TRANSFIN. LongShorts with Nikhil Arora and Sharath Toopran

We chat with Nageen Kommu, Founder and CEO of Digitap.AI, whose work has largely revolved around solving the problem of information asymmetry for lenders.
Majority of BFSI players in the country are dependent on bureau data while c. 400mn Indians have low bureau scores, making formal credit inaccessible to them.
Digitap.AI provides alternative data and scoring models to underwrite such borrowers, thereby reducing the risk of NPAs. An early stage fintech platform, the company offers AI and ML based Credit Underwriting, Digital Customer Onboarding, Automated Risk Management and Big Data enabled solutions, including Risk Analytics and Customized Scorecards. The company is a certified TSP on the Sahamati platform.
Clients comprise 70+ organisations, including new age fintechs like Bharatpe, Navi, Incred, Lendbox, Kreditbee, as well as more traditional players such as Motilal Oswal, Piramal Finance, and Northern Arc, among others. For FY 2022, the company's revenue stood at INR63mn ($0.8mn) and EBITDA stood at INR25mn ($0.3mn). Targeting an ARR of $20-25mn in the next 5 years, alternate use cases such as marketing, fraud detection, and identity management and development of a personal finance management suite along with the existing solutions should act as key growth catalysts for the business.
Hope you enjoy this TRANSFIN. Podcast with Nikhil Arora and Sharath Toopran, where we converse with entrepreneurs and business operators running successful startups, profitable SMEs and family promoted firms on one end, and top investment professionals representing VC/PE/credit funds on the other.
The objective is to bring out an "actionable" perspective converging the world of business and investing.
If you're a founder and if you'd like us to drill down your model, feel free to drop us a line at [email protected]