Credility

Credility, a brand of i-XL Technologies Pvt. Ltd., is a Mumbai-based firm specializing in digital lending solutions for financial institutions. Founded in 2018 by Chirag Jain and Payal Jain, the company targets the Banking, Financial Services, and Insurance (BFSI) sector in India and internationally. Chirag Jain, the CEO, co-founded i-XL Technologies in 2008 and holds an MBA in Marketing from The University of Queensland, bringing extensive experience to the firm's leadership. Payal Jain serves as the Co-Founder and Chief Product Officer.

The company operates on a B2B model, providing configurable software-as-a-service (SaaS) products to lenders such as NBFCs, Housing Finance Companies, and Banks. Credility's core business involves automating and digitizing the entire loan lifecycle for its clients, from lead generation to collections. This is designed to enhance operational efficiency, reduce turnaround times, and lower costs for financial institutions. For instance, client testimonials indicate significant reductions in loan processing times, from 35 days to 16 days, and improved cost-to-income ratios after implementing Credility's solutions.

Credility’s product suite is a comprehensive digital lending platform composed of several mobile-based applications. 'goConnekt' is a lead management tool, while 'goOriginate' serves as a complete loan origination solution that handles processes from application to sanction, integrating with credit bureaus and enabling e-signatures. For credit assessment, 'QuickPD' facilitates personal discussions with applicants, and 'goCollect' is a dedicated application for managing on-field loan collections and tracking NPA. Additionally, 'goAssist' functions as a customer service portal, allowing borrowers to manage their accounts and service requests. These solutions are designed to be flexible, allowing for customization to meet specific client requirements.

Keywords: digital lending platform, loan origination software, collection management app, lending automation, fintech solutions, BFSI technology, loan management system, NBFC solutions, housing finance tech, credit process automation, customer onboarding finance, eKYC solutions, mobile lending, SaaS for lenders, financial services technology, India fintech, enterprise mobility solutions, credit lifecycle management, loan recovery software, channel partner management finance