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Startup Circle: How CLXNS is providing end-to-end solutions to fintech lending institutions

Manavjeet Singh is the MD and CEO at CLXNS, has shared his views on how CLXNS provide comprehensive end-to-end solutions to support all types of lenders.

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Manisha Sharma
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Manavjeet Singh

CLXNS Technologies is digital-first debt resolution companies that is committed to streamlining the debt recovery process for various lenders like banks, NBFCs, and fintech firms. With India on the verge of massive credit growth, CLXNS is 100%  compliant with RBI’s code of conduct and strictly adheres to the Principles of Fair Debt Collections Practices (FDCP) as suggested by the Reserve Bank of India. The company is focused on building scalable digital first infrastructure to manage debt resolution needs of all lenders, thereby enabling them to focus on their core operations.

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Manavjeet Singh is the MD and CEO at CLXNS, In his leadership capacity, he oversees the company's overall day-to-day operations, which include delegating and directing agendas, driving profitability, managing company organizational structure and strategy, and communicating with the board. Manavjeet is an accomplished FinTech entrepreneur with a proven track record of successfully conceptualizing, scaling up, raising capital, and operating an award-winning startup for five years.

Speaking to CIOL, Manavjeet Singh is the MD and CEO at CLXNShas shared his views on how CLXNS provide comprehensive end-to-end solutions to support all types of lenders, irrespective of the loan amount or ticket size. Targeting all major fintech lending institutions across the country.

Tell us about CLXNS and your offerings. Tell us about the team.

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CLXNS Technologies is a digital debt resolution company that was founded in 2021. Our primary offering is debt resolution services that are focused on helping Financial Institutions resolve their debts in a responsible and sustainable manner. Our team is made up of experienced professionals with a background in finance, technology, and debt resolution. We are passionate about helping people take control of their finances and achieve financial stability.

What inspired him to start CLXNS?

CLXNS was inspired by the growing problem of debt in India. We recognized that there was a significant gap in the market for effective and affordable debt resolution services, and we saw an opportunity to fill this gap by leveraging technology and innovation. Our goal is to provide a platform that empowers lenders to take control of their financial future and achieve long-term success.

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What are the drivers/market trends that are shaping the finance industry in 2023?

There are several drivers and market trends that are shaping the finance industry in 2023. These include the increasing adoption of digital technologies, the rise of alternative finance and lending models, and the growing demand for personalized financial advice and services. Additionally, the COVID-19 pandemic has accelerated the shift towards digital finance and highlighted the importance of financial resilience and preparedness.

How is CLXNS tapping these market trends for growth?

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CLXNS is tapping into these market trends by leveraging digital technologies and innovative debt resolution models. We are focused on providing personalized debt resolution solutions that are tailored to the unique needs and circumstances of each of our clients. Additionally, we are committed to cutting-edge technologies to deliver more effective and efficient debt resolution services.

What was the most challenging part of your journey till now? How did you overcome those Challenges?

The most challenging part of our journey thus far has been building awareness and trust in our brand. As a new player in the market, we have had to work hard to establish our credibility and build strong relationships with our clients. To overcome these challenges, we have focused on providing exceptional customer service and delivering measurable results.

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How has CLXNS impacted the fintech industry?

CLXNS has had a significant impact on the fintech industry by leveraging technology to make debt resolution services more accessible and affordable for FIs. We have also helped to shift the industry towards a more sustainable and responsible approach to debt resolution that focuses on long-term financial health and stability.

What has 2022 changed for you? How are things now?

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2022 was a year of growth and expansion for CLXNS. We were able to expand our services to new markets and establish new partnerships with leading financial institutions. Additionally, we continued to invest in technology and innovation to improve the effectiveness and efficiency of our debt resolution services.

What are your growth priorities for 2023?

Our growth priorities for 2023 are focused on expanding our reach and increasing our impact in the market. We are committed to continuing to invest in technology and innovation to deliver more effective and efficient debt resolution services. Additionally, we are focused on building strong partnerships and relationships with leading financial institutions to help us expand our reach and impact in the market.