Microfinance.ai: Revolutionizing Micro-Credit Transactions with their Innovative Mobile Platform, Lyt
About Microfinance.ai
Microfinance.ai is a path-breaking technology firm located in India that is making micro-credit transactions simple and approachable for users. They achieve this through their mobile platform, Lyt, introduced in 2020. The platform breaks down language barriers with native language support and voice assistance, providing an effortless experience for users navigating digital financial services. What sets Lyt apart is its use of speech-to-text technology for app inputs, along with providing a complete management system of borrower profiles to micro-lending partners through an easy-to-use web-dashboard. Additionally, it incorporates credit scores, smoothes the communication process with borrowers, and also features an AI-driven alert system for potential loan defaults.
About Microfinance.ai's PitchDeck
Microfinance.ai's pitch deck, designed for its pre-seed fundraising round in 2021, excellently conveyed the company’s objectives and strategies, helping secure an investment of $200,000. The deck commences with the introduction of the founders, moves on to highlight the challenges in the Indian digital financial services sector, and then delves into the company's product and marketing strategy. It further elucidates their service launch, revenue generating model, their service process chart, and ends by illustrating how the new funds will be deployed and outlining their total addressable market.
Why Investors Believed in Microfinance.ai?
The belief of investors in Microfinance.ai is rooted in the company's innovative approach to micro-credit transactions. Their mobile platform, Lyt, not only simplifies the transaction process but also provides a comprehensive management solution for borrower profiles. The use of advanced technology like AI and speech-to-text input system makes the platform even more user-friendly. Additionally, the company's keen understanding of the issues plaguing India's digital finance sector and their clear marketing and revenue model portrayed in the pitch deck, instilled confidence in investors about the potential success and scalability of the startup.
