Mumbai : IndiaLends, a major digital lending platform, was conferred the prestigious SKOCH Oder-of-Merit Award 2019 at the 58^th SKOCH Summit held in New Delhi on June 29, 2019. The theme of the Summit this year was ‘ModiNomics 2.0 — Macroeconomic Agenda’.

IndiaLends won the Award in recognition of its contribution to the growth of the FinTech sector and its efforts to leverage technology to provide unsecured credit to a wide range of borrowers across consumer segments. The company offers loans from as low as Rs 10,000 to as high as Rs 50 lakh without collateral. IndiaLends uses proprietary algorithms to connect borrowers with the appropriate banks and financial institutions, and helps borrowers and lenders make better credit decisions.

IndiaLends Founder and CEO Gaurav Chopra said, “I am proud and delighted to receive this Award on behalf of my entire team. Since our inception in 2015, we have been providing customers easy access to secure credit options at some of the most affordable interest rates in the industry. All our services are cost-free and user-friendly. We offer our partners — banks and financial institutions — precise customer data and information for accurate risk assessment, and help them save time and cost in finding genuine borrowers. IndiaLends is committed to building a stable, equitable and an organised environment for everyone in urgent need of finance.”

Mr Chopra was recently also conferred the ‘BW Young Entrepreneur of the Year Award 2019’ at the 5^th Annual Young Entrepreneur’s Summit.

The SKOCH Oder-of-Merit Award is aimed at identifying excellence and setting benchmarks among different stakeholders in financial technology encompassing the banking, insurance, markets and services sector.