CanPe Solutions

CanPe Solutions, founded in 2019 by Arindam Choudhury, operates as a fintech company based in Bengaluru, India. The firm has developed an intelligent Software-as-a-Service (SaaS) engine, known as 'iCanPe', designed to address debt collections for financial institutions. The platform focuses on disrupting early arrears management and Non-Performing Asset (NPA) recovery by employing a digital-first and compassionate approach.

The founder, Arindam Choudhury, holds advanced degrees in machine learning and computational sciences and possesses over 18 years of experience in the analytics and data science industry. His background in prototyping and building data-driven products has been instrumental in shaping CanPe's core offering. The company's legal entity, Canpe Solutions India Pvt. Ltd., was incorporated on May 20, 2020.

CanPe's business model is centered on providing a Debt Recovery-As-A-Service (DRAAS) platform to a client base that includes lending institutions, banks, NBFCs, fintech lenders, retail Asset Reconstruction Companies (ARCs), and marketplaces. The iCanPe engine leverages a combination of AI/ML algorithms, consumer and marketing science models, and behavioral economics theory to enhance collection and recovery rates. This technology-driven method aims to bring greater transparency and efficiency to the debt recovery process while respecting borrower privacy and choices. The platform's features include automated collections, settlement status tracking, and portfolio dashboards. It analyzes traditional and alternative data to understand reasons for non-payment and suggests appropriate communication channels for recovery.

A significant milestone for the company was securing an undisclosed amount in a seed funding round on July 8, 2021. The round was led by Axilor Ventures and saw participation from Yatra Angel Network, Manipal Technologies, BetaPlus Capital Partners, and angel investor Natarajan Ranganathan. These funds were intended to accelerate product innovation, enhance the SaaS platform, and expand sales and marketing efforts. The company reports that its collections under management grew eightfold within six months of its first deployment.

Keywords: debt collection, fintech, SaaS, artificial intelligence, machine learning, NPA recovery, arrears management, financial institutions, lending technology, credit management, behavioral economics, data-driven collections, digital collections, automated collections, recovery platform, iCanPe, Arindam Choudhury, Axilor Ventures, debt recovery-as-a-service, DRAAS