JPIN announces strategic investment in AI-driven fintech company TSLC

NEW DELHI: JPIN Venture Catalysts Ltd (JPIN) has announced a strategic investment in The Social Loan Company (TSLC), a AI-driven fintech company plans to empower communities through bespoke financial products and services.

JPIN was working alongside Rothschild & Co. in a Series B funding round of $200 million for TSLC, which is seeing interest from global institutional investors. JPIN recently participated in a $25 million round for TSLC alongside other investors in a consortium led by ADGM-domiciled ARV Investments. A select set of JPIN’s LPs/global family offices within their proprietary network have also participated in this round.

The new capital will be used to fuel the growth of TSLC’s digital lending operations, grow its global talent pool, step up business development, deepen its AI and predictive analytics capabilities and expand into selecting emerging and frontier markets.

Founded in 2016, TSLC is a mission-oriented enterprise. Using its Machine Learning-imbued platform, TSLC is able to generate proprietary predictive analytics and support the enablement of inclusive, affordable credit-led products and services for low-to-moderate income communities in targeted markets.

In a statement, Gaurav Singh, co-founder of JPIN, said, “Access to credit is what the world economy is based upon and in the past century has been one of the great levellers in providing opportunities for all members of society. We are looking forward to help TSLC that is set to make a financial inclusion impact on the global whitespace of underserved digital natives.”

The company has built a credit decisioning and underwriting engine that enables flexible credit facilities in a one-stop ecosystem that is end-to-end tech-enabled, safe and secure. This platform will cater to the day-to-day needs of mainstream digital natives overlooked by traditional banking and credit-scoring systems.

“We look forward to watching and supporting this team in their journey of growth, expansion, and scale – and in delivering fair and inclusive finance. The upcoming Series B round will not only turbocharge this growth but will also help us connect the company with some of the best experts, investors and strategic partners within our global network and ecosystem, further supporting TSLC in its journey,” said Nayan Gala, co-founder of JPIN, in a statement.

TSLC currently has over 8 million customers on its platform in India under the brand – CASHe. It recently established its presence in the UAE as its first market to launch in MENAT (Middle East, North Africa, and Turkey), and announced plans to launch in Bangladesh and Mexico. Once launched, the platform will engender affordable, hyper-personalised and instantaneous credit to underserved middle-income consumers, partnering with them on their journey to financial independence.

In a statement, Deepak Saluja, Group CEO & Co-Founder, TSLC, said, “Our ML-powered alternate data-driven credit-scoring engine will enable faster and better credit decisions, lower the barriers of borrowing and deliver access to honest, affordable and transparent credit.”


Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.