Moneytor

Moneytor operates as a fintech firm specializing in debt collection and resolution, leveraging technology to enhance the efficiency of managing stressed consumer loans. Founded in 2017 by Anubhav Singh, Ayush Srivastava, and Anupam Sarawagi, the Mumbai-based company provides a Software-as-a-Service (SaaS) platform to financial institutions. Anubhav Singh, the CEO, brings extensive experience from the finance sector, including a tenure as Vice President for High Yield & Distressed Debt at Yes Bank and an MBA from the Indian Institute of Management Bangalore. This background provides the firm with deep insights into the complexities of debt markets.

The company's core business involves offering a digital-first, automated platform for debt collection to lenders such as non-banking financial companies (NBFCs) and other financial organizations. The platform digitizes and automates processes like loan book management, defaulter communication, and settlement decision-making. By utilizing machine learning algorithms and proprietary analytics, Moneytor helps its clients improve recovery rates and reduce operational costs. The system customizes the recovery journey for each consumer based on their responses and profiles, suggesting appropriate settlement options and automating communication through various channels, including chatbots. This approach aims to make the collection process more efficient and maintain positive relationships between lenders and borrowers.

Moneytor's revenue is generated through its SaaS platform and other services offered to financial institutions. In addition to its software solution, the company also engages in portfolio liquidation services, using data-driven analysis to purchase debt portfolios, which helps lenders free up capital. The firm serves both lenders and individual borrowers; for borrowers, Moneytor's AI analyzes their financial situation to determine eligibility for a personalized debt relief program, helping them manage unsecured debts like personal loans and credit card debts. The company has secured approximately $954K in funding over several rounds from investors including 500 Global (formerly 500 Startups), AngelList, and ISME ACE.

Keywords: debt collection, fintech, SaaS, loan recovery, financial technology, distressed assets, machine learning, automated communication, portfolio management, debt resolution