Trillion Loans
An RBI-registered NBFC that provides a digital lending platform focused on enhancing credit access for SMEs and consumers through technology.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 Valuation: €0.0 | round | |
| investor | €0.0 | round | |
* | $8.5m Valuation: $100m | Growth Equity VC | |
| Total Funding | 000k | ||
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Trillion Loans Fintech Private Limited operates as a non-banking financial company (NBFC) in India, focused on bridging the credit gap for small and medium-sized enterprises (SMEs) and consumers. Founded in 2018 by Achal Mittal and Gautam Adukia, the Mumbai-based firm provides a digital lending platform designed to simplify access to credit for those often excluded from traditional financing due to insufficient credit history or lack of collateral.
The company's business model centers on leveraging technology to offer a seamless and entirely digital borrowing process, from application and KYC verification to disbursal and repayment. Trillion Loans utilizes machine learning algorithms for its credit decisioning, enabling it to underwrite segments with minimal credit footprints. Revenue is generated through interest and fees on a diverse portfolio of loan products. These include secured and unsecured loans for SMEs, such as business loans and working capital, as well as consumer products like personal loans, auto loans (including for electric two-wheelers), and gold loans. The company partners with other fintechs and startups, utilizing API integrations to expand its reach and provide credit to a wider customer ecosystem.
A significant milestone in the company's history occurred in April 2023, when fintech major BharatPe acquired a 51% controlling stake, a figure that has since increased. This acquisition and subsequent investment infusions from BharatPe have been pivotal, enabling Trillion Loans to substantially scale its loan book and enhance its technological capabilities. While operating as an independent entity under its own board, the company benefits from the strategic synergy with BharatPe's extensive merchant ecosystem. This relationship provides access to a large base of potential borrowers, facilitating the provision of customized loans with quick turnaround times. The firm has achieved an 'IND BBB+' credit rating from India Ratings & Research, reflecting its financial stability and governance.
Keywords: digital lending, NBFC India, SME financing, consumer loans, fintech, working capital loans, personal loans, business credit, financial services, credit access, machine learning underwriting, API integration, gold loans, vehicle loans, BharatPe, Achal Mittal, Gautam Adukia, Mumbai startup