CASHe is a fintech platform that utilizes AI and machine learning to assess creditworthiness beyond traditional credit scores, enabling the rapid approval and disbursal of unsecured personal loans through a mobile application. The service addresses the financial needs of underserved millennials by providing instant access to loans ranging from ₹50,000 to ₹300,000 with flexible repayment options and minimal documentation.
Funding
$74.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many individuals, particularly underserved millennials in India, lack access to traditional credit scoring methods, hindering their ability to secure personal loans for essential needs. Traditional lending institutions often exclude these individuals due to limited credit history or lack of formal documentation.
Solution
CASHe is a fintech platform that leverages AI and machine learning to assess creditworthiness beyond conventional credit scores, providing instant access to unsecured personal loans via a mobile application. The platform offers loans ranging from ₹50,000 to ₹300,000 with flexible repayment options and minimal paperwork, addressing the financial requirements of underserved millennials. CASHe's proprietary technology analyzes various data points to create a comprehensive profile of the applicant, enabling faster loan approvals and disbursal. The platform aims to promote financial inclusion by extending credit facilities to individuals typically excluded by traditional banks and lending institutions. CASHe also offers additional financial services, including Buy Now Pay Later (BNPL) options, digital gold investments, and curated investment products.
Target Audience
The primary target audience is salaried millennials in India with a minimum monthly income of ₹50,000, who are seeking quick and easy access to personal loans for various needs such as travel, education, home renovation, or medical emergencies.
Features
- AI and ML-driven credit assessment for individuals with limited credit history
- Instant personal loans ranging from ₹50,000 to ₹300,000
- Flexible EMI repayment options from 9 to 18 months
- Pre-approved credit limits up to ₹300,000 with interest only on usage
- Buy Now Pay Later (BNPL) service with 0% interest and EMI options
- Digital gold investment options starting from ₹1
- Loan protection insurance plans and health cover
- 100% digital process with minimal documentation
- Integration with WhatsApp for accessing credit up to ₹5,000