Antworks Money
Digital financial services platform for India's underbanked.
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Seed | ||
| Total Funding | 000k | ||
Antworks Money is a financial technology company in India focused on serving the underbanked segment, including small businesses and their employees. The company was founded by Rajeev Mahajan and Subhayu Ghose, with different sources pointing to founding dates between 2012 and 2017. Both founders are Chartered Accountants with extensive backgrounds in Indian banking and corporate finance, having worked at institutions like Yes Bank, ICICI Bank, IDBI Bank, and SBI CAPs. This experience was intended to address the inefficiencies and lack of transparency they observed in the formal lending industry.
The company operates as a digital financial services platform, offering a marketplace that connects consumers and businesses with a wide range of loan options from over 30 partner banks and NBFCs. Its core services include comparing and facilitating personal loans, home loans, business loans, and loans against property. Antworks Money has expanded its offerings to include a peer-to-peer (P2P) lending platform, which provides an alternative to traditional banking by directly connecting borrowers with lenders. Through its 'AntPay' app, the company provides a digital wallet, a virtual card for online transactions, bill payments, credit lines, and insurance services. For small businesses, the 'AntPay Bizhub' offers services like digital current accounts, payment collection, collateral-free loans, and payroll processing.
The business model primarily generates revenue through service fees for loan facilitation and other financial products offered on its platform. It aims to democratize the financial industry by making it more transparent, accessible, and cost-efficient through technology. The company has received backing from investors including Venture Gurukool, Ankurit Capital, and Venture Garage.
Keywords: digital financial services, P2P lending, loan comparison platform, SME financing, fintech India, unsecured loans, credit marketplace, financial inclusion, digital payments, business loans, personal loans, AntPay, online lending, credit advisory, NBFC, financial technology, loan aggregation, peer-to-peer finance, small business banking, virtual card