Redefining The Way Informal Customers Access Formal Finance

About InPrime Finserv

InPrime Finserv is a brand owned by STK Credit Private Limited, a Non-Banking Financial Company (NBFC) headquartered in Bangalore. InPrime is on a mission to “Redefine the way informal customers access formal finance.” It is focused on providing financial services to the “Prime” segment of India’s informal economy, which consists of around 50 million households with an annual credit need of Rs. 5 Lakh Crores. These households demonstrate a growth mindset, are transitioning to a less cash-dependent economy, and are gradually adopting digital technologies. They also have a proven credit and financial track record spanning several years.

InPrime’s goal is to identify this emerging segment within the informal economy and serve them with customized financial products designed to meet their evolving needs. The company plans to adopt a hybrid approach, combining the successful attributes of traditional lending with modern lending practices centered on data, digital technology, and innovation. This strategy aims to generate superior financial and non-financial value while focusing on the core elements of financial services: customer connection, engagement, and risk management.

InPrime’s lending approach will be characterised by a mix of field assessments and analysis of customers’ partially available digital footprints. This comprehensive evaluation will help determine customer needs, creditworthiness, and risk profiles. Prioritising a customer-centric focus, the company’s operations aim to offer a hassle-free onboarding experience and a swift turn-around time. InPrime seeks to empower its customers by providing multiple repayment channels and a gamified financial and digital literacy program to promote self-service.

About STK Credit Private Limited

STK Credit Private Limited is a registered NBFC (Non-banking Financial Company, Non-deposit taking) with RBI (Reserve bank of India).

Date of Incorporation: 08 December 2021
CIN No: U56990KA2021PTC155348

NBFC Registration No: N-02.00356
Date of NBFC Registration: 12 April 2023

OUR APPROACH

Customer
Centricity

  • Adopt DNA of Consumer internet company
  • Power in the hand of customers
  • Transparency
  • Accountability

Objective Risk
Management

  • Adopt Best practices of financial institutions
  • Data led approach
  • Scalable & objective underwriting model
  • Robust operational risk framework

DigiCal
Ecosystem

  • Digital first approach combined with physical intervention wherever needed
  • Onboarding, underwriting & collection to have synchronized online & offline capabilities
Disclaimer:
“Reserve Bank of India neither accepts any responsibility nor guarantees the present position as to the financial soundness of the company or for the correctness of any of the statements or representations made or opinions expressed by the company and for discharge of any liability by the company.”

“Neither there is any provision in law to keep, nor does the company keep any part of the deposits with the Reserve Bank of India and by issuing a Certificate of Registration to the company, the Reserve Bank of India, neither accents any responsibility nor guarantees the payment of deposits to any depositor or any person who has lent any sum to the company.”