Mumbai, India, April 24, 2020 --(PR.com
)-- SelFin India Financial Services Pvt. Ltd. (“SelFin”) and Innovative Assessments International, Ltd. (“IA”) have signed a partnership agreement to collaborate with regards to improving the financial inclusion of micro-enterprises in India using psychometric analysis.
SelFin, a registered Non-Banking Financial Institution based in Mumbai, has incorporated IA’s psychometric analysis as an additional data source into its proprietary risk assessment methodology in order to help further enable credit access to India’s +60 million micro-enterprises.
According to SelFin’s Chief Credit Officer Ashwani Manaktala: “We see a lot of value in adding psychometric analysis to our credit assessment, as an innovative and effective way for helping us better serve India’s micro businesses.”
Dr. Saul Fine, IA Cofounder & CEO, adds: “We are excited to collaborate with such an experienced team and growing company, whose mission to support micro-enterprises goes hand in hand with our vision to provide new data for financial inclusion.”
SelFin is a digital microlending platform exclusively focused on financial inclusion of micro-enterprises in India. As a registered NBFC, SelFin is providing business finance and financial education seamlessly via a hyperlocal network of financial advisors enabled by technology. https://selfinindia.com
About Innovative Assessments
Innovative Assessments (IA) is a fintech company that uses psychometrics to assess creditworthiness based on a borrower’s personal character. IA’s solution, Worthy Credit, augments traditional credit scores, and helps lenders from around the world to increase loan approvals among marginal and underbanked customers. https://www.iassessments.com