Datasigns Technologies Pvt. Ltd, an India-based fintech company behind ShubhLoans, has secured an undisclosed amount during an angel funding round, which was led by former MD of JP Morgan Sanjai Vohra and managing director and India CEO of Goldman Sachs, V. Bunty Bohra.
Founded earlier this year by Anand Barua and Monish Anand, Datasigns describes itself as a disruptive company that forgets the idea of using traditional and non-traditional data to compute credit score of an individual. It was revealed:
“We at Datasigns aim to democratize credit and make it available to all. Our technology platform is transforming consumer lending. It is doing so by busting the myths that it is hard to get data, difficult to store it and even tougher to use it.”
Anand, who is also CEO of Datasigns Technologies, reportedly explained in a statement:
“Everyone deserves access to the right amount of credit and this is exactly what we strive to do through our mobile first platform – ShubhLoans.”
He then added:
“Our innovative credit scoring model debunks old ways of lending and ensures optimal credit by holistically assessing overall risk.”