Embifi
A comprehensive EV lending platform that helps financially deprived borrowers in Tier 2,3 cities secure and access frictionless financing from lenders
Company Details
- Location
- New Delhi, India
- Website
- https://www.embifi.in
- Founded
- 2022
- Employees
- 11-25
- Funding
- USD $1M-$5M
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About Embifi
The problem we're solving:
In the next 4 years, 4 million electric vehicle borrowers in Tier 2 and 3 cities across India will face predatory financing, impacting 30 million livelihoods and a $8 billion financing opportunity.
Our solution:
Embifi is a B2B financial platform developer that specializes in financing, lending, and payments. Its white-label neutral platform provides instant reports and analytics, a unified dashboard, and plug-and-play APIs for a native journey, allowing businesses to save time understanding credit and developing their credit product.
Embifi is a comprehensive EV lending platform that helps financially deprived borrowers in Tier 2 and 3 cities secure and access frictionless EV financing from lenders.
Our differentiator:
- Seamless customer journey across both online, assisted channel
- Targeting financially under penetrated cities of India
- Bespoke, self improving underwriting model specifically tailored for the low wage, no credit customer profile
- Advanced behaviour monitoring algorithm and telematics which helps in pre-empting defaults
- Holistic collections stack
Our biggest achievement:
- Getting 600+ EV loan applications in Aug'24
- Enabling 6 customers to avail warranties on their vehicle battery