Smartcoin

About

Smartcoin is providing financial access to the millions of mobile users in India using alternative credit assessment.

Bangalore,Karnataka,India
1 - 10
http://smartcoin.co.in

Highlights

Details

Last Funding Type: Series B
Last Funding Money Raised: ₹520.50M
Industries: Big Data,Financial Services,FinTech,Machine Learning,Predictive Analytics
Founded date: Nov 23, 2015
Number Of Employee: 1 - 10
Operating Status: Active
Legal Name: SmartCoin Financials Pvt. Ltd.
Also Known As: SmartCoin Financials

SmartCoin is a mobile app based lending platform, capable of assessing the risk profile of a prospective borrower in real time, using data science and machine learning algorithms. Their proprietary credit underwriting engine aggregates thousands of data points on a customer’s smartphone to build a customized credit score. A customer is instantly offered personalized loan products on the basis of his risk and capacity, and the money is transferred digitally to their bank account.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

5

₹1.32B $9M

Smartcoin has raised a total of ₹1.32B $9M in funding over 2 rounds. Their latest funding was raised on Feb 19, 2022 from a Series B round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Feb 19, 2022	Series B	₹520.50M	4	Lightbox	—	Detail
Jul 20, 2021	Debt Financing	₹800M	4	—	—	Detail
Mar 17, 2020	Series A	$7M	3	Lightrock	—	Detail
Mar 28, 2018	Seed	$2M	3	Accion Venture Lab	—	Detail
Apr 3, 2017	Seed	—	1	Unicorn India Ventures	—	Detail

Investors

Number of Lead Investors

Number of Investors

4

10

Smartcoin is funded by 10 investors. Lightbox and India SME Investments are the most recent investors.

Investor Name	Lead Investor	Funding Round
Lightbox	Yes	Series B
India SME Investments	—	Series B
Lightrock	—	Series B
Pace Stock Broking Services	—	Series B
MAS	—	Debt Financing
Northern Arc	—	Debt Financing
Vivriti Capital	—	Debt Financing
Accion Venture Lab	—	Series A
Unicorn India Ventures	—	Series A
ISME ACE - FinTech Accelerator	—	Seed