Airtel picks up stake in digital lending platform, Loan Singh

NEW DELHI, INDIA: Bharti Airtel  through its subsidiary Bharti Airtel Services has acquired a strategic equity stake in fintech company, Seynse Technologies, which built a digital lending platform, Loan Singh to provide easy loans for credit-worthy yet underserved borrowers.

Seynse has built a proprietary credit engine and advanced machine learning capacity to serve customers and both the the companies will work together to bring targeted products and solutions.

Harmeen Mehta, Global CIO and Director – Engineering, Bharti Airtel said “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.”

Gourav Jaswal, Director, Seynse said, “We look forward to gaining from their deep understanding of the Indian customer. This partnership will give Seynse the opportunity to innovate for a much wider audience and add to its product portfolio.”