Airtel acquires strategic stake in FinTech Startup Seynse

23 Feb 2017

1

Bharti Airtel, the country's largest telecom operator, has acquired a a strategic equity stake in a fintech startup Seynse (pronounced 'sense') Technologies. The acquisition was conducted through its subsidiary Bharti Airtel Services.

Seynse has created the popular digital-lending platform Loan Singh, which enables easy loans for credit-worthy yet underserved borrowers. Seynse has built a proprietary credit engine and advanced machine learning capacity to serve customers.  

''Over the years, Airtel has developed strong in-house data science capabilities that enable us to serve our customers better. Seynse's advanced credit scoring algorithms based on multiple sources and digital analytics will add immense value to our innovation factory,'' said Harmeen Mehta, Global CIO and Director – Engineering, Bharti Airtel.

''We look forward to working with the passionate team of professionals at Seynse to bring targeted products and solutions to our 270 million plus customers,'' he added.

Seynse, incubated by Prototyze, was incorporated in 2015 in Goa. It launched its digital lending platform, Loan Singh in April 2016.

''This partnership will give Seynse the opportunity to innovate for a much wider audience and add to its product portfolio,'' Gourav Jaswal, Director, Seynse added.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers