# Uthaan Technologies Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/uthaan-technologies-pvt

- Industry: Financial Services
- Headquarters: New Delhi, India
- Website: www.microfinance.ai
- Total disclosed funding: $0.3M
- Latest round: Seed (Nov 22, 2021)
- Investors on record: 3

## About

Founded in 2019 by Swati Sinha and Kapil Patil, and based in New Delhi, India, Uthaan Technologies Pvt. Ltd., trading as Microfinance.ai operates as a digital mobile platform for local users to avail micro-financial services. In December 2021, Uthaan Technologies Pvt. Ltd. raised USD 200,000 in venture funding led by We Founder Circle, with participation from Faad Network Pvt. Ltd and GUSEC. 

The company offers solutions for NBFCs, MFIs, and other financial institutions. These institutions offer financial solutions to low and middle-income people. Microfinance platform provides various customer insights and provides assistance from customer onboarding to field officer planning and assistance. The platform brings loans and other financial products, completely online, thus helping micro-lenders to maintain relations digitally. In addition to credit score integration, digital communication with borrowers, and AI-powered early warning on possible loan default, the platform also provides microlending partners with a web dashboard to view and manage borrower profiles, append alternate data for underwriting, and credit score integration. The platform also allows the integration of add-on products like digital micro-insurance, allowing partners to increase their revenue streams.

The company plans to use the venture funding towards the technology development to further strengthen the platform, and also hire talent.

## Funding rounds

- Seed, Nov 22, 2021, $0.3M — Faad Network, We Founder Circle, GUSEC

## Investors

- Faad Network (https://capitalatlas.ai/funds/faad-network) — Seed
- We Founder Circle (https://capitalatlas.ai/funds/we-founder-circle) — Seed
- GUSEC (https://capitalatlas.ai/funds/gusec) — Seed