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Tag: OEM’s

Companies boosting productivity across industries

With multiple industries blooming in India, a lot of forward-thinking companies are bringing in enhancements and making lives easier. These brands are helping ease processes, build value, save time and lives, enhance efficiency and induce productivity. Through their offerings, increased customer satisfaction and experience are also witnessed and the potential is brought to the forefront. Here, we delve into these brands, that are setting new benchmarks:

1. Hilti – Headquartered in Schaan, Liechtenstein, and with facilities in 120 countries, Hilti is committed to making construction better through technology, power tools, software, and services. Its direct sales approach enables deep customer connections to understand their needs for productivity, safety and sustainability. In India, it has been a journey of over 25 years. Operating nationwide, Hilti India boasts an advanced manufacturing facility for high-quality concrete cutting diamond inserts and a global product development team driving innovation in mobile apps, internet technologies, and data analytics for construction industry. Hilti has been certified seven times as a Great Place to Work and also distinguished as a leading workplace for women in construction and infrastructure.

2. ACT Fibernet – ACT Fibernet is one of India’s largest wired ISPs, headquartered in Bengaluru, with operations in 25 cities and serving 2.2 million customers. Known for its cutting-edge technology and high-speed broadband connectivity, the company made waves in 2019 with the launch of its consumer product, ACT stream TV 4K. ACT Fibernet pioneered 1 Giga-speed connectivity in India, first in Hyderabad in 2017, followed by Bengaluru and Chennai in 2011.

3. TreadBinary – TreadBinary provides expertise in Research and Development process and help with designing robust data management systems. TreadBinary’s expertise is crucial for startups aiming to track their progress and manage their finances effectively. Additionally, to track governance tasks such as accounting, and project management, ensuring that operations run smoothly and funding is utilised efficiently to prevent premature exhaustion. They leverage advanced technologies like ERP cloud systems, artificial intelligence, and machine learning to enhance service delivery and improve outcomes. By integrating these technologies, TreadBinary can support sustainable growth and operational success for startups, ensuring they remain competitive and innovative in their respective fields.

4. Revfin – Revfin, an innovative digital lending platform, is spearheading a transformation in sustainable mobility while actively promoting financial inclusion in India by offering convenient and accessible financing solutions. Revfin employs cutting-edge techniques such as Biometrics, Psychometrics, and Gamification to issue loans based on non-traditional data sources through its own NBFC. With a robust digital infrastructure and IoT-enabled monitoring capabilities, Revfin stands out in vehicle tracking, empowering drivers to optimise their earnings. Since its establishment in 2018, Revfin has been at the forefront of revolutionizing sustainable mobility, initially focusing on financing E3Ws and later expanding its scope to encompass various electric vehicles, including 2Ws, 4Ws, batteries, and charging stations. Sustainable mobility, ecosystem development, financial inclusion, and women’s empowerment form the core principles of Revfin, evidenced by its financing of approximately 50,000 vehicles across all categories and by partnerships with over 50 OEMs.

As they bring in innovations, these companies are upgrading their industries and setting examples.

5 Fintech Startups to Watch in the Auto Finance Sector

India’s auto finance sector is experiencing a remarkable transformation driven by the innovative solutions of fintech startups. These companies are utilizing advanced technology to streamline and improve the auto financing process, making it more accessible, efficient, and user-friendly. They offer a streamlined application process, competitive interest rates, and the convenience of comparing loan options from multiple lenders. With numerous options available, it can be challenging to determine the best auto finance platform for your needs.

So, as we shed light on the top five prominent fintech startups, we hope this will help you decide on your pick.

  1. Rupyy – Rupyy stands proudly as a frontrunner among India’s leading Lending FinTech platforms, specifically excelling in the domain of vehicle financing. Incubated in 2016 within the nurturing confines of the CarDekho Group, Rupyy has successfully orchestrated a remarkable metamorphosis in the landscape of auto loans, customer experience, vehicle retail, and other lending institutions. Through its ahead-of-time tech stack, deep partnership with 37+ esteemed banks and NBFCs, and an array of unparalleled innovations throughout the value chain, Rupyy has delivered entirely novel financial experiences. Rupyy platform now covers over 1,500+ cities and towns through a network of 14,000+ distributors.
  2. Kuwy – Kuwy is an Automotive Fintech Platform that powers automated lending (direct & indirect) to grow loan originations and digital retailing. It verifies and connects consumers & vehicles to dealers, lenders, OEM’s and consumer-facing platforms through strategic industry partnerships & proprietary products to provide consumers with the best loans and vehicles through an automated process. Headquartered in Chennai, India, Kuwy has a reach across 70+ locations in India.
  3. Revfin: Revfin is a leading digital consumer lending platform that aims to improve financial inclusion in India. Through its advanced technology and non-traditional data analysis, Revfin offers convenient and accessible loan options to individuals – using three key techniques – Biometrics, Psychometrics and Gamification. Recently, Revfin has expanded its services to the 4W EV segment by partnering with Zappit for airport pick-up services.
  4. Revfin has also broadened its financing options by partnering with Best Way, MLR Auto SKS Trading (Aarzoo), Energy Electric Vehicles (Udaan), and Sun Mobility, a battery-swapping company that caters to Piaggio EV. Revfin Mobility, which includes 4-Wheeler, 2-Wheeler, and 3-Wheeler Cargo through Fleet Aggregator partnerships, has also entered the electric vehicle leasing business, creating a micro secondary market for EVs.
  5. Spinny – Spinny is the most trusted way of buying and selling used cars. Choose from over 5000 fully inspected second-hand car models. Select online and book a test drive at your home or at a Spinny Car Hub near you. Get a no-questions-asked 5-day money-back guarantee and a free one-year comprehensive service warranty with Assured Resale Value on every Spinny car.
  6. Cars24 – Founded in 2015, CARS24 is a leading AutoTech company streamlining and revolutionizing the sale, purchase, and financing of pre-owned cars in India, Australia, Thailand, and UAE. Leveraging a Smart AI Pricing Engine and 140 quality checks, selling and buying pre-owned vehicles is seamless and transparent with CARS24. Ensuring complete transparency and faster lending processes, CARS24 Financial Services Private Limited, a professionally managed Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India, offers customers focused value-added services.