Namaste Credit

Namaste Credit is a technology-driven B2B online loan marketplace based in Bengaluru, India, focused on facilitating credit access for Small and Medium Enterprises (SMEs). Founded in 2014 by Lucas Bianchi, Gaurav Anand, and Krishnan Parameswaran, the company aims to address the systemic challenges in SME lending through innovative technology solutions.

Mission and Vision

Namaste Credit was established to streamline the lending process for SMEs, which often face difficulties in accessing formal credit. The founders leveraged their backgrounds in credit assessment and technology to create a platform that enhances the efficiency of loan processing and underwriting.

Key Features and Services

• Online Loan Marketplace: The platform connects SMEs with institutional lenders, offering various loan products including business loans, home loans, and personal loans.

• Automated Underwriting: Loans are underwritten in approximately two hours using advanced algorithms, significantly reducing the traditional processing time which can take several days.

• Channel Partner Network: Namaste Credit collaborates with over 1,000 channel partners (such as loan agents and financial advisors) to facilitate loan applications and improve service delivery.

• Fraud Detection Technology: The company employs a patented fraud detection system powered by Microsoft Azure, enhancing its ability to manage large data volumes and prevent fraudulent activities.

Target Market

Namaste Credit primarily serves SMEs with annual revenues between ₹2 crore and ₹5 crore. The typical loan size ranges from ₹10 lakh to ₹12 crore, with most loans averaging around ₹70 lakh.

Competitive Landscape

Namaste Credit competes with other fintech companies such as CapitalFloat, NeoGrowth, and LendingKart. The company distinguishes itself through its technology-driven approach and strong focus on improving the SME lending ecosystem.

Conclusion

Namaste Credit is positioned as a leading player in the SME lending space in India. By combining technology with a deep understanding of the challenges faced by small businesses, it aims to transform how credit is accessed and processed for SMEs. Its innovative platform not only enhances efficiency but also contributes to financial inclusion for underserved segments of the economy.