PayMe India


About PayMe India
Launched in mid-August 2016, PayMe India started providing institutional short-term & quick financial support to the organized sector employees as an option of Advance Salary. The company is a tech-enabled company and has developed various tools and technology to onboard, underwrite, disburse and collect the loan.
Over the period the company has also launched a few more products like “Line of Credit” for business needs, EMI loans, eKYC, and eMandate services, eSign product, and RentPay.
Business Model:
PayMe India provides short-term financial support to the corporate/ organized sector employees to meet their immediate liquidity crunch basis on their average monthly take-home salary. PayMe also validates the social & creditworthiness of a person along with his/her Employers credibility before onboarding him/her as a customer.
PayMe India is operating through two business models:
1. Corporate Tie-ups – Corporate Loans
2. Organized sector employees – Retail Loans
Skills: AI, Credit model, Credit Scoring, Data Science, ML
Contact Info
Website | http://www.paymeindia.in |
Press
Pre Series A | http://bwdisrupt.businessworld.in/article/PayMe-India-Secures-Pre-Series-A-Angel-Funding/12-02-2021-376822/ |
Start-up Story | https://yourstory.com/2021/06/payme-india-transformed-full-stack-personal-loan-startup/amp |
Regulatory Certificate | https://www.thenewsminute.com/article/payme-india-receives-nbfc-certificate-rbi-106687 |