Canpe Solutions India Private

Founded in 2019 in Bangalore, India, Canpe Solutions India Private Limited develops solutions that streamline credit management for lenders.296 mn.ICanPe's core offering is an AI-powered Credit Management Platform designed to facilitate automated collections and settlements, specifically targeting early arrears management and non-performing asset (NPA) recovery for lenders. The platform employs a sophisticated 6-step process that transforms default information into actionable recovery strategies, effectively addressing challenges faced by financial institutions globally. ICanPe caters to a diverse clientele, including lending institutions, marketplaces, retail organizations, and asset recovery companies (ARCs). The platform is built on a foundation of advanced algorithms derived from consumer science, behavioral economics, and machine learning, focusing on the principles of empathy and borrower privacy.ICanPe generates revenue through a subscription-based model, where clients pay for access to the platform and its suite of services. The transactions typically involve B2B relationships with lending institutions and ARCs, encompassing the use of the Debt Recovery-As-A-Service (DRAAS) framework. This structure allows clients to implement the platform's intelligent and empathic recovery strategies without significant upfront investments in technology or operational infrastructure.80 mn from June 2021 to enhance its software-as-a-service platform and drive product innovation. The company aims to expand its presence into new markets, focusing on regions with high loan default rates. The funds will also bolster Canpe Solutions' sales and marketing efforts as the company seeks to strengthen its market position and customer base.

1. Seed

   Jun 10, 2021

   Amount

   $0.5M

   Investors

   Locked