AMU Leasing, a tech-driven NBFC startup exclusively serving the electric vehicle (EV) ecosystem, announces it has partnered with Provenir, an AI-powered risk decisioning software, to completely automate its loan underwriting.
With this partnership, the Delhi-based company will be able to make faster decisions and offers to end-users, noted Nehal Gupta, Director, AMU Leasing.
She said, “We needed an automated decisioning solution that would enable us to make faster decisions and extend offers to end users. Provenir’s low code interface empowers our business users to easily design, build and test decisioning models themselves. The Provenir Marketplace also provides access and easy integration to new data sources, providing us with greater insights to make more accurate decisions.”
The start-up has financed over 1,500 EVs so far while maintaining a non-performing asset (NPA) rate of 0.3%. It has financed over 900 EVs during the last nine months.
Varun Bhalla, Country Manager, India, Provenir, added, “Our AI-powered data and decisioning platform provides the access to data, AI, and decisioning capabilities needed to accelerate and improve their lending decisions and expand with them.'
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