Introducing VivFlo - Streamlining Lending for Businesses
Vivriti Capital Introduces Collaborative Lending Platform for Enhanced Credit Availability | Interview Discussion
VivFlo, a new co-lending platform brought to you by Vivriti Capital, is here to revolutionize the way businesses access credit. By partnering with over 30 co-lending partners within Vivriti's network, VivFlo offers a one-stop solution for businesses seeking financing solutions [1][2].
Aiming for Accessibility and Diversification
The core mission of VivFlo is to open the doors to simple and seamless credit access by connecting businesses with multiple co-lending partners on a unified platform. The platform currently supports over 10 asset types, including everything from consumer loans and business loans to commercial vehicle loans and loans against property. In the coming days, Vivriti Capital aims to focus more on secured loans to manage risk and boost profitability [1][2].
Embracing Automation for a Smoother Lending Process
To streamline the lending process, VivFlo automates several pre-disbursal checks that traditionally could slow down the application process. These automations include:
- KYC (Know Your Customer): Ensuring regulatory compliance is made effortless with VivFlo's integration of KYC automation.
- Credit Bureau Data: By employing credit bureau data, the platform assesses the creditworthiness of potential borrowers, reducing the chances of defaults and non-performing assets (NPAs).
- Bank Verification: VivFlo ensures reliable lending by verifying the financial status of applicants through automated bank verification.
- e-Signing: The platform simplifies the hassle of physical signatures by enabling electronic signatures for loan documents.
VivFlo also prioritizes compliance and risk management by automating regulatory checks to minimize the likelihood of loan-related complications. All of these automated procedures work together to reduce operational expenses by streamlining the loan application process [1][2].
As of now, VivFlo manages monthly disbursements of around Rs 20 crore. The objective is to expand this volume significantly, up to Rs 200 crore, by the end of the year. With its scalable design, VivFlo is well-equipped to grow responsively to meet the increasing demands for affordable lending [1][2].
The Journey Ahead: Embracing AI and Growth
Vivriti Capital is currently leveraging AI technology to drive the growth and efficiency of its platform. By analyzing conversations between agents and borrowers, the platform can identify relevant leads more rapidly, enabling smoother lending processes. Additionally, VivFlo is working on AI implementations that will speed up credit underwriting and provide businesses with actionable insights [1][2].
The rise of co-lending in India has proven instrumental in bridging the credit gap for underserved segments by forming strategic partnerships between banks and non-banking financial companies (NBFCs). The adoption of co-lending agreements has demonstrated remarkable growth, with the year-on-year increase in loan disbursements reaching 134% in FY24, according to a Grant Thornton report [1][2]. Public sector banks have also made significant inroads in the co-lending ecosystem, with a presence of Rs 11,497 crore in 2024.
To stay at the forefront of this growing sector, businesses must effectively manage risk, adapt to emerging technologies, and continue to streamline the loan approval process. By embracing advanced techniques and a customer-centric approach, VivFlo holds the key to a more accessible and efficient lending landscape [1][2].
- VivFlo's integration of KYC automation ensures regulatory compliance, making it easier for businesses to access credit through their platform.
- Employing credit bureau data, VivFlo assesses the creditworthiness of potential borrowers, reducing the chances of defaults and non-performing assets.
- With electronic signing, VivFlo simplifies the hassle of physical signatures in the loan application process.
- Vivriti Capital is utilizing AI technology to identify relevant leads more quickly, enabling smoother lending processes and improving the efficiency of their platform.
