HAPPY Loans is a fast-growing fully digital lending fintech.

Basic Information

Founded in 2016, HAPPY Loans provides low ticket unsecured loans to underserved micro-entrepreneurs digitally. Over 50% of its customers are new to credit (NTC). The issued loans belong to diverse categories such as payments, agriculture, affordable housing, e-retail, invoice discounting, dairy, and many more. The platform assesses them from different types of data (like transaction data, sales data, invoice data etc.) after running it through its ML-based proprietary algorithm. In April 2020, HAPPY announced their ‘Lockdown Loans’ scheme. The digital credit facility is developed to address the working capital woes of Indian microenterprises during the lockdown period. It will provide them capital access of Rs 25,000 and Rs 50,000 with bullet repayment after 6 months. The Lockdown Loan comes with COVID-19 protection insurance, wherein full loan waiver is extended to the coronavirus infected. See more

Legal Name

:

ArthImpact Finserve Pvt Ltd

Headquarters

:

Mumbai, Maharashtra , India

Founding Date

:

2016

No. of Employees

:

21 to 40

Core Team

:
1.

Manish Khera

Co-Founder & MD

2.

Gautam Ivatury

Co-Founder

3.

Shweta Aprameya

Co-Founder

Funding

Total Funding

$21.0M

Investors

:

1.

DMI Finance

2.

DCR Workforce