Even though non-banking financial companies (NBFCs) are in the midst of a liquidity crisis, an online fintech start-up, Vivriti Capital, has facilitated a total deal flow of ₹14,000 crore in the last one year by banking on technology.

The Chennai-based tech-enabled institutional finance facilitator, which was started in 2017, is a marketplace for financial institutions, corporates, small enterprises, and individuals to access finance quickly and efficiently.

Individual users

With more than 1,000 individual users, the company claims to be the largest online platform for institutional finance in India that connects borrowers, issuer entities, investors, rating agencies, trustees, law firms, and auditors.

It leverages advanced technological features such as data analytics, automated risk management, and co-lending to address information asymmetry, create scale, and drive non-linear growth in the debt capital market, the company said.

Turnaround time

With all the technology in place, the company has been able to significantly reduce the turnaround time for each transaction by almost 60 per cent.

Gaurav Kumar, Founder, Vivriti Capital, said: “Our idea was to consolidate all the fragmented pieces of market information and club it with highly-efficient execution capability. We wanted to build a robust platform that delivers a simplified and seamless process to each stakeholder. The volumes and user-adoption level that we have seen in such a short span of time is a proof of the market validation for this model.”

Vivriti had recently raised about ₹110 crore ($15.8 million) from its existing investor, Creation Investments.