VIVIFI India Finance Pvt. Ltd. was registered on July 9, 2016 to address the lack of lending products for India's large & growing deserving and under-served consumers.
VIVIFI was set-up with the primary objective of doing business as a non-banking finance company (NBFC) in unsecured retail consumer lending segment and has obtained the Certificate of Registration as an NBFC-non-deposit taking loan company on March 31st, 2017.
Founded by technocrats and career bankers having a collective experience of over 75 years in secured & unsecured retail lending, VIVIFI provides credit to customers across the credit spectrum. The dream is to offer a variety of convenient easily-accessible financial and loan services in a safe efficient and professional environment to all desiring customers without any prejudices or biases and only based on the customer’s ability to repay.
Vivifi commenced its journey with its flagship lending product FlexSalary – India's first Personal Emergency Line of Credit . The company is now providing a digital credit card experience for the underserved through their revolutionary payment application - FlexPay.
The core of all operations are driven by VIVIFI’s proprietary state-of-the-art AI-driven loan management system LENDEZ.AI.
VIVIFI’s vision is to offer Innovative Financial Products to customers across the Credit Spectrum, leveraging Technology and Data Science, with focus on underserved / unserved customers.
Working to become India’s largest lender, VIVIFI aims to provide credit for the non-prime borrower with completely automated fulfillment. We want to achieve this by becoming the lender of choice for the underserved & unserved salaried/self-employed individuals who have limited or no access to credit by onboarding them with a smaller value credit line in the form of FlexSalary.
We believe in true risk based pricing & work to identify prime-like customer behavior based on satisfactory repayment performance to upgrade them to a larger-value longer-term Instalment loan in the form of a product called Loan Granted.
A Quick Brief Of The People Who Make This Happen
The founders have experience in short-term, long-term, unsecured & secured loans to salaried & self-employed individuals. The founders had previously established highly sought-after loan products leveraging their collective expertise in Data Analytics, Portfolio Management, Portfolio Reporting, Digital Marketing and financial technology development using a variety of web technologies available. A quick bio of each of our founders follows.
Anil plays a key role in setting the overall vision and strategy while focusing on the areas of Credit Risk and Underwriting. A graduate in Chemical Engineering and a post-graduate from IIFT (Indian Institute of Foreign Trade, New Delhi) Anil is an avid reader and a sports enthusiast.
Srinath co-founded VIVIFI and heads operations at VIVIFI. With over 15 years of rich experience in analytics, process improvement and operations, he believes customer satisfaction to be the key metric of every supporting process. Prior to VIVIFI, he was the head of operations at public & private companies in India.
A banking veteran, Patrick Kishore worked for 37 years as a full-time employee of State Bank of India in various capacities managing credit policies & banking technologies before retiring as the Chief Information Security Officer of SBI group. He later served as the Chief Operating Officer of IDRBT to manage the operations of NEFT & RTGS platforms before joining VIVIFI.