Top Consumer Lending Startups in 2024

OneFin is a technology credit platform - we are building the operating system for financial services. We have built modular, plug-and-play APIs to help our partners underwrite and collect loans from end customers. In a highly credit underserved country with rapidly increasing smartphone adoption, we are enabling any company to become a fintech company through our suite of APIs and regulatory layer, and helping build customized financial products for Middle India and its 360 million customers - for consumption-based use cases, upskilling / education financing, medical financing, etc. Highlights: 1. Founders from experienced backgrounds in investment banking and technology 2. Funded by Y Combinator, Khosla Ventures, and Vy Capital. 3. High-quality team. Emphasis on innovation and technical expertise. 4. Health benefits, flexible working conditions, performance-linked growth Check us out at onefin.in

Refyne partners with organizations to extend on-demand Earned Wage Access (EWA) to their employees. We believe employers play a crucial role in their staff’s financial literacy plan, and providing employees access to their real-time earned salary promotes a stress-free and productive workforce. Refyne’s one-stop platform enables your employee base to build financial resilience and nurture a favorable work culture. With our plug-and-play technology, employees can see and withdraw their earned salary instead of opting for exploitative payday loans or other high-interest credit schemes. Become part of a growing network of employers who reflect an employee-first approach. Website: refyne.co.in Industry: Financial Services Company size: 51-200 employees Headquarters: Bengaluru, Karnataka Founded: 2020 Specialties: Income Streaming, Earned Wage Access, Employee Benefit, Instant Salary, Employee Management, Payroll Integration, Attendance Management, Working Capital, Financial Wellness, Attrition Management, and On-Demand Salary Access.

We (friends at frslabs) are an award-winning company specialising in identity verification and fraud prevention solutions. Established a decade ago in 2010, with Bangalore as our home, we proudly serve over 125 global customers, with over a million transactions flowing through our systems every month. As a team, we try to keep things simple. We don’t follow rigid methodologies, exhaustive specs, ridiculous approval cycles or get-my-permission-first bosses. This is not to say that we do not have coding best practices, style guides, wikis or quality guides. We do, like every good company should. We take our work seriously as clients put us on their critical path to success. And if we mess things up, it hurts them badly. Each of us understands that the best software is made through a flexible, iterative process, keeping the end-user in mind, with a keen eye for detail, and collaborating and keeping the team updated every step of the way. We don’t crave for monthly appreciations or badges to motivate us. Instead, we crave the best in each of us to make a lasting impact. We strive for craftsmanship, the likes of beautiful prose, poem, music or art. We work hard to create an environment where good ideas are nurtured and rewarded (five patents pending is a testament to our innovation culture). We are pretty sure that if you look beyond the veneer of a gravity-defying salary, shiny office or fancy chairs, you will have a blast at frslabs in terms of intellectual stimulation and interesting work. We are a healthy and profitable company and we value good old hard work over easy money. And that's one reason we are not venture funded and believe in our own creation, abilities and profits to succeed (just the way nature intended humans to work and succeed). You can read more about frslabs here: frslabs.com/about

Liquiloans is a P2P NBFC, licensed and registered; regulated by the RBI. We're a 4 year old, 350+ member strong startup that works towards financially empowering every Indian family. How do we do it? a. Credit Enablement LiquiLoans offers a complete virtual loan process where a borrower can get a quick loan with no hidden costs at flexible interest rates. We do not require you to keep making rounds to our office as our runner would come to your place to collect the needed documentation.The process is easy, hassle-free, where your loan will get approved on the same day as the turnaround time. We offer loans to all ages between 21-60 who have a stable source of earning and primary KYC. Read more -- liquiloans.com/investinloans

MoneyLion builds data-driven financial products for consumers. We're passionate about the area of finance that marries data, technology and product design. Our products enable a better financial future for our customers and looks to bring new modes of social engagement never before seen in financial services. For example, MoneyLion provides a closed loop trust building system where users can improve rates on loans through constant engagement with the platform -- specifically, a customer can reduce finance fee payments immediately by building a powerful financial network. Using modern analytics with all the latest big-data computational tools, MoneyLion builds smarter customer acquisition funnels, more thorough credit models, and better servicing processes for customer retention. Data doesn't just enable us to deliver smarter loans to a broader universe, it also empowers our customers to make better financial decisions and realistically measure and improve financial health.

We believe everyone deserves a chance to improve their financial future. We’re dedicated to building simple and inclusive financial products that help our members create healthy habits and achieve economic stability. Some things we’re excited about: • $500 million in spending power used by our members • Increasing members’ credit by 36 points (on average) within the first 3 months • Backed by First Round Capital and JP Morgan Products we’ve built to make an impact: • Perpay Marketplace: Combines interest-free payments and modern e-commerce to reduce cost of ownership and promote healthy repayment behavior. • Perpay+: Leverages Marketplace repayment history to help members monitor and build credit with all 3 credit bureaus. • Perpay Credit Card: Expands access to the flexibility and benefits of a World Mastercard by removing common barriers like high security deposits and low approval odds. The Perpay team is a motivated group of creative problem solvers who love getting things done and making an impact. We’re hiring and would love for you to join us! Check out our careers page to learn more.

Pave.dev helps consumer and SMB credit risk teams increase approvals through AI-powered cashflow analytics. 100 million+ US consumers and businesses are financially underserved, simply because their data is not recognized by the traditional financial system. We solve this by transforming transaction data, loan performance outcomes, and credit reports into Cashflow-driven Attributes and Scores, enabling increased financial access to new customer segments without increasing risk. Our mission is to build a future where every person and business has access to equitable credit solutions by creating a new standard of Cashflow-driven Analytics. We’re growing quickly and would love to hear from you! [email protected]

Fego.ai is an Open-Banking Product that empowers consumer-facing entities including Banks, NBFCs, Financial Institutions, Consumer Internet Companies to gather actionable, behavioural insights about their users from (aggregated) Banking & financial transactions and contextually engage their end-users in real-time via insightful and hyper-personalised financial experiences as part of their customer journeys.

Credit Dharma aims to make home buying transparent, affordable and faster by simplifying and modernising the process of obtaining Home Loans. Credit Dharma assists homeowners get Home Loans for Purchase, Balance Transfer for Savings, and Loan Against Properties for additional funding from leading Banks & HFC’s. We are a dynamic team committed to building the best and most trusted Home Financing Provider in India. Founded by early members of Groww, we are a well funded startup with over $4M in funding from India’s top investors.