At $1.2 trillion, India is estimated to be one of the largest markets for consumer finance in the world, behind the US and China. It is also one of the least evolved markets for lending, with close to 70 per cent of the market being underserved by institutional lenders. According to a report by international philanthropic investment firm Omidyar Network, over 400 million people borrowed money in India in 2014, but fewer than one in seven were approved for a formal loan.

The ratio of consumer loans to GDP for India is at a low 11%, compared to countries like China which is close to 40%.

Obviously the current credit system is not working for a large part of our population. Almost 400 million people are being excluded because of traditional and archaic ways of credit scoring.

We at Datasigns aim to democratize credit and make it available to all. Our technology platform is transforming consumer lending. It is doing so by busting the myths that it is hard to get data, difficult to store it and even tougher to use it.

We help loan companies to make smarter credit decisions and to expand the availability of fair and transparent credit.