Client
Flexi Loans Pvt. Ltd
Industry
Financial
Service
Mobile App Development
Duration
2 Years
FlexiLoans: Small Business Financing
FlexiLoans was founded to overcome the barriers small businesses face in securing quick, flexible, and adequate funding. By leveraging advanced technology and innovative risk models, FlexiLoans has simplified lending, providing “Loans at a click” to empower small enterprises.
The Challenge
Traditional lending requires extensive paperwork and long approval timelines, delaying access to critical funds. Many businesses fail to meet conventional credit requirements despite having viable operations. Traditional credit scoring methods fail to account for alternate financial data, leading to unfair assessments. FlexiLoans recognized the need for a solution that would simplify these processes, provide accurate assessments, and make loans accessible to deserving businesses.
The Solution
FlexiLoans addressed these challenges with a comprehensive digital lending platform that integrates advanced technology and regulatory compliance.
Identifying pain points in traditional lending and unmet needs of small businesses. Incorporating AI, machine learning, and data analytics for efficiency. Key technological advancements. Verifies personal documents digitally. Ensures accurate financial evaluation. Automates repayment processes. Utilizing surrogate scoring methods to evaluate creditworthiness beyond traditional metrics. Ensuring adherence to RBI guidelines for transparent and trustworthy lending.
Quick Approval
Cutting-edge technology accelerates loan approvals for urgent funding needs.
Flexible Repayment Options
Tailored to the cash flow patterns of small businesses.
Alternative Scoring Models
Leverages non-traditional data points for accurate credit assessments.
Digital Application
A user-friendly platform allows businesses to apply with just a few clicks.
Regulatory Compliance
Strict adherence to RBI guidelines builds trust and reliability.
Empowered Growth
Simplified access to funds enables businesses to expand operations and achieve their goals.
The Impact
FlexiLoans has transformed small business financing by making funds accessible and affordable. Alternative scoring models have improved credit assessments, leading to higher approval rates for deserving businesses.
Small business owners praised the user-friendly interface and quick approval process. The platform strengthened FlexiLoans' reputation as a leader in innovative lending solutions.
70%
Faster Loan Approvals
3X
Increase in Loan Disbursal
84%
Accuracy in Credit Evaluation
94%
Applications Completed Digitally
Key Features
Enables rapid loan processing to address urgent business needs.
Customizable options for varied cash flow patterns.
Evaluates creditworthiness using diverse data points.
Includes DigiLocker for seamless personal document validation.
Loan agreement generation and EMI auto-deductions ensure a hassle-free experience.
Meets RBI standards to ensure transparency and trustworthiness.
Simplifies loan applications for non-technical users.
Client Testimonials
Heard from the people who actually worked with us
The team was responsive and capable of working on different projects simultaneously. Moreover, they communicated through virtual meetings. Overall, the team's performance led to a satisfying engagement.
DORMOVIL FERREIRA
Founder, DI2S Data Interchange Software Solutions
Their work integrates complex frameworks and features to offer everything researchers need. They are open-minded and work smoothly with the academic subject matter.
Daniel Michaels
CTO, National Institute for Newman Studies
Third Rock Techkno has delivered to the client's expectations. They’ve consistently addressed all issues and stayed well within the budget. The client appreciates their fast response times and good project management.
Anat Lechner
Founder, HueData
Third Rock Techkno successfully tested and delivered a functional and responsive MVP on time. The team was very communicative and transparent about progress, as well as very collaborative and hands-on, always focusing on achieving results.
Ankur Jain
CTO, Course Correct
Third, Rock Techkno’s efforts have led to improvements in user satisfaction, platform responsiveness, and performance. The team is highly committed to quality, and their proactive communication and technical expertise make them stand out.
Smit Shah
CEO
Third Rock Techkno has delivered features based on the provided requirements. They've supported the product's R&D phase and successfully implemented the solution based on the client's specified architecture.
Neel Shah
Founder
Third Rock Techkno successfully delivered the project on time, meeting the client's expectations. Their team was responsive throughout the engagement, communicating primarily via virtual meetings, emails, and messaging apps.
Stuart Israel
CEO
They have great attention to detail, great communication, are proactive in highlighting potential issues and are fast in their work. Their expertise across different platforms, APIs, and payment methods makes the project execution smooth.
Mathew Pretel
CPTO
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