Indifi Technologies doubles AUM to over INR 1500 cr.; remains profitable in FY ‘23

• Granularity in growth seen with number of loans disbursed growing by 150%; through a diversified mix of digital partnerships
• The company turned profitable in Q4 ‘22 and maintained profitability throughout FY ‘23

Indifi Technologies, India’s leading MSME digital lending platform announced today that the company crossed INR 1500 cr AUM, marking a 100%+ growth over the previous year. Indifi attained profitability in FY ’22 and has maintained it through FY ‘23, Since inception, the company has disbursed over 68,000 loans with disbursals of over INR 3800 cr.

Indifi continued to build on its network of digital partnerships by both; deepening existing relationships across E-commerce, Food Delivery, Retail Payments, Digital Marketplaces etc; and adding new partners. Additionally, the share of marketplace lenders in the AUM saw a 25% increase over the last FY, thereby contributing 50% by value in March ‘23. Indifi’s credit performance, underlined by segment-specific ML-based scorecards, remained stable throughout the year. Improvement in underwriting models enabled the company to go deeper into the funnel of applicants to deliver higher approval rates and more sharply align credit limits with the risk profile of the borrower.

Commenting on this milestone Chief Business Officer, Indifi Technologies, Aditya Harkauli says, “The milestone marks a small step forward in the company’s journey. More importantly, Indifi’s performance in FY’23 reiterates our commitment to profitable growth. Concomitant with the doubling of disbursals & AUM were improvements across functional KPIs ~ operating costs, cost of funds, NPA, credit rating ~ that added up to improve the ROTA profile of the book. Going ahead, we would look to double up again over the course of FY’24, while seeding new initiatives for growth in the longer term. Adding & deepening partnerships, both on the demand and supply side, will continue to be the route to scale. Accentuation of co-lending with Banks will be noticeable in the augmentation of supply, over the course of the year.”

About Indifi:

Indifi Technologies, founded in 2015, is a Gurgaon-based online lending platform solving the credit needs of  underserved, credit-worthy businesses through an ecosystem-based and verticalized approach to digitized lending. Indifi’s tech-led approach to lending helps analyze data of businesses from various leading tech-aggregators like Swiggy, Zomato, Amazon, Flipkart, and Gpay, among others  and draws insights to judge their creditworthiness. Through its tech interventions, Indifi has been successful in making the loan process digital for both lenders and MSMEs by minimizing risk, reducing paperwork, and associated costs; while providing a simple and hassle-free experience of setting the businesses on the growth path .  Indifi has disbursed 68,000+ loans across 400+ cities.