Lenders targeting the underserved are unable to achieve optimum productivity because of paper and excel based processes that are carried out by semi-literate field agents. Poor data quality makes it difficult to gather insights to improve performance, create new financial products, and enhance customer experience.
Within the unbanked population, Artoo has chosen to focus on small businesses, the largest and the fastest growing segment of the economy, which generates the greatest employment. It is also where Artoo can add the greatest customer value.
Unlike traditional lending systems which tend to work at the backend, relying on paper at the frontend, Artoo provides comprehensive digitalisation at the borrower's doorstep. And since that is where the most data points are, it is able to more effectively impact the customer's business. Also unlike FinTechs that provide Big Data underwriting, Artoo has the intelligence to understand the nuances of small businesses, while meeting all compliance standards.
We have disbursed loans worth $200+ Million and assessed 300,000 small businesses on our platform. Client enterprises have achieved 500% improvement in productivity, 43% reduction in loan processing times, and a 45% reduction in customer acquisition costs by using Artoo. Overall this has resulted in an 800% ROI.
Specialties
Technology, Microfinance, SME Lending, Financial Technology, Mobile, Cloud, Credit Underwriting, Base of the Pyramid, Financial Inclusion
Within the unbanked population, Artoo has chosen to focus on small businesses, the largest and the fastest growing segment of the economy, which generates the greatest employment. It is also where Artoo can add the greatest customer value.
Unlike traditional lending systems which tend to work at the backend, relying on paper at the frontend, Artoo provides comprehensive digitalisation at the borrower's doorstep. And since that is where the most data points are, it is able to more effectively impact the customer's business. Also unlike FinTechs that provide Big Data underwriting, Artoo has the intelligence to understand the nuances of small businesses, while meeting all compliance standards.
We have disbursed loans worth $200+ Million and assessed 300,000 small businesses on our platform. Client enterprises have achieved 500% improvement in productivity, 43% reduction in loan processing times, and a 45% reduction in customer acquisition costs by using Artoo. Overall this has resulted in an 800% ROI.
Specialties
Technology, Microfinance, SME Lending, Financial Technology, Mobile, Cloud, Credit Underwriting, Base of the Pyramid, Financial Inclusion
Location: India, Karnataka, Bengaluru
Founded date: 2010
Mentions in press and media 2
| Date | Title | Description |
| 14.02.2017 | CEOs Segal & Koota Comment on Artoo’s Partnership with Grameen Koota | Grameen Koota, a pioneer in rural lending, is expanding its product portfolio and venturing into individual lending for its rural customer base by partnering with fintech firm Artoo. Grameen Koota plans to develop a digital lending model to... |
| 25.03.2015 | Fin-tech startup Artoo raises $500K from Accion Venture Lab & Artha Initiative | Bangalore-based Artoo IT Solutions Pvt Ltd, a financial technology startup that provides customer relationship management (CRM) solution to lending institutions, has raised $500,000 (Rs 3.1 crore) in its Series A round of funding from Accio... |