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'MobiKwik' invests 2 crores in 'Pivotchain Solutions'
Press Release
Monday, June 25 | 03:51 PM
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Pune : In a bid to further strengthen its fintech portfolio MobiKwik, India’s leading full stack fintech platform, announced a strategic investment of Rs. two crores in Pune based data science company, Pivotchain Solutions.

Pivotchain is a Predictive Analytics company with expertise in Machine Learning & Artificial Intelligence. It has built exclusive AI and deep learning models for 'Mobikwik'. These models will be instrumental for MobiKwik as it rolls out numerous lending products to address the credit requirements of its user base.

Speaking on the strategic investment, Bipin Preet Singh, Founder and CEO, MobiKwik, said, “MobiKwik is transforming from a leading digital payments player, to India’s largest digital financial services platform. Delivering high quality fintech products will require immense focus on data, and an in-depth understanding of the user requirements, across categories. Pivotchain is doing incredible work in alternate data scoring, predictive modeling & risk management and this investment will give us an edge over competition. We will continue to invest in companies that can add value to our business.”

“We are glad to be part of MobiKwik family. MobiKwik has been a flag bearer in the payments industry and we look forward to working with MobiKwik and deliver the right lending solution across the user base”, said Deepak Rao, Founder and CEO, Pivotchain Solutions.

(ही बातमी मराठीत वाचण्यासाठी येथे क्लिक करा.)
 
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