HYDERABAD: my money karma, India’s Largest Home Lending FinTechannounced the launch of India’s first fully integrated digital platform, the “KarmaPro” portal.
“Searching for a home loan is a tedious process, several banks have to be approached before the loan is sanctioned by one of them, but in the process valuable time is wasted and each time a bank assesses the application, your credit score will be affected. mymoneykarma uses its smart algorithmic platform and industry experts to analyze a client’s profile and needs to ensure a correct first application with the best suited lender” , said Varun Agarwal, COO and Head of Business Development at mymoneykarma.
The start-up, founded by Stanford graduates, incubated in Silicon Valley at Stanford StartX, combines deep consumer understanding and industry knowledge with proprietary technology platforms to unlock tremendous value from customer savings .
The company has been accelerating the digital revolution in personal finance for nearly a decade and grew its partner network by an unprecedented 748% in the last year. It has served over 1.9 million users with its six essential financial products.
The majority of borrowers in India are currently served by a highly fragmented arterial system of small and medium-sized financial partners. Embracing technology to streamline operations, maximize customer value and increase profitability will produce disproportionate results for the entire industry.
mymoneykarma currently offers Home Loans, Balance Transfers, Personal Loans, Credit Repair and Home Loans. It will in due course add working capital loans, credit cards, insurance, business loans, financial advice and credit builders to its portfolio.