A B2B marketplace that makes borrowers and investors meet.
We offered a solution that will help the lenders and the borrowers meet at a designated place online, and find their match.
The borrowers will need to register to the application. They will need to fill out the form, entering their loan requirement details, the total EMI they can pay as well as the other requisite details. Once registered, these details will be listed on the marketplace
The investors will need to register too. The registered investors can see the borrowers listed
The borrowers receive a Bank2Grow grade, based on a backend algorithm combined with the CIBIL score. This grade allows the system to rate them, i.e. give them a credit score
Based on the credit score, and other details, the investors can decide which borrower they would like to help
Once this match is made, the amount is approved, which again is processed from the backend
There is another feature known as the top-up loan, where the borrower can top-up their existing money. For instance, if the borrower has received an approval for 3Lakhs, and they have borrowed only 1 lakh, they can receive up to 2 lakhs as top-up.
In this marketplace the investors can see other investors and the investments they have made. For instance, an investor has lent money to a borrower but, wants his investment back. They can list it on this investor’s only marketplace. The other investors can bid for the investment made, and become the lender for the borrower.
The system will verify all the documents, and process the transfer of the investment
All the investments are directly managed by the system
There is a dashboard that allows the investors and the borrowers to keep an eye on the EMI schedule, the amount they have lent or borrowed and other details they want to have at a glance
There is a payment module that manages the transactions and payments between the investors as well as between the investor and the borrower.
Apart from this, we also offered an investor’s only solution.