Mumbai, India | 22 December 2022
U GRO Capital, a technology focused, small business lending platform, has partnered with globally recognised Fintech Valocity, to digitise their mortgage lending process.
By leveraging Valocity’s data and technology solutions, including the company’s multi award-winning cloud-native Valuation Ordering Platform, U GRO Capital will deliver a more seamless experience for both their team and customers.
U GRO’s mission is to ‘Solve the Unsolved’ – specifically, the US$ 600Bn Small Business Credit needs. U GRO believes that the challenges faced by small businesses can be solved by building deep expertise around core sectors of SMEs in India coupled with a data centric, technology-enabled approach. Valocity’s digital workflow ‘solves the unsolved’ in India to streamline the entire valuation ordering process, while capturing rich property data to enable accurate bench-marking and quality control, making them a natural partner for U GRO Capital.
Commenting on the partnership, Mr. Shachindra Nath, Vice Chairman and Managing Director of U GRO Capital said,
“U GRO Capital as a Data Tech lending institution is first to onboard partners who have ability to support its mission of digitising the MSME lending space in India. We are delighted to collaborate with Valocity as one of our key digital and data partners and we are confident that through their intervention we can add immense value to our clients. We truly believe that combining deep expertise with a data-driven, technology-enabled approach can solve the credit problem for small businesses, and we look forward to expanding and growing this partnership in the future.”
“Valocity is delighted to partner with U GRO Capital limited and collaborate to address long held credit problems of small businesses around core sectors of SMEs with our unique data-driven, technology-enabled approach. Valocity’s Valuation Ordering Platform and specialised digital valuation tools will enable U GRO Capital to digitise and automate their entire lending process. Our in-built Real-time Analytics module will help U GRO Capital with timely insights for data driven decision making and accelerate growth into the under perpetrated SME segment.
U GRO Capital is targeting the Credit Gap using an innovative mix of knowledge and technology, by adopting a hybrid model comprising best practices of traditional lenders and modern Fintech companies. Valocity is delighted to collaborate with U GRO Capital to deliver world-class Fintech solutions and support the bank in achieving its mission.
About U Gro Capital
U GRO Capital limited is a technology focused, small business lending platform. The company is focused on addressing capital needs of small businesses operating in select eight sectors by providing customized loan solutions. U GRO Capital operates in these eight sectors: Healthcare, Education, Chemicals, Food Processing / FMCG, Hospitality, Electrical Equipment and Components, Auto Components, Light Engineering.
Valocity is a globally awarded FinTech company transforming and digitising the property decisioning process globally with customers across India, Australia, New Zealand, and Asia.
Valocity digitises the entire property valuation process with its unique cloud-based valuation platform, with bespoke solutions for residential and commercial lending.
It combines the best of nationwide property data with global technology and advanced analytics expertise to create customised insights, desktop valuations and a Full Valuation Ordering Platform that enables data driven decision making and more seamless customer experiences.
Valocity recently took home the Fintech Scale Up of the Year award at the esteemed India Fintech Awards 2022 and was recognised as a Runner Up Global Fintech of the Year at the Prestigious Singapore FinTech Festival.
For more information, please contact:
Sovan Mandal, CEO – India – Valocity
For any media enquires contact
Sara Pesic, Head of Marketing – Valocity