Technology Other News 17 Jun 2018 MobiKwik invests in ...

MobiKwik invests in Pivotchain for fintech offerings

PTI
Published Jun 17, 2018, 7:32 pm IST
Updated Jun 17, 2018, 7:32 pm IST
Founded in 2017, Pivotchain Solutions is a predictive analytics firm with expertise in Machine Learning and Artificial Intelligence.
MobiKwik founder and CEO Bipin Preet Singh said the company's focus on delivering high-quality fintech products will require an immense focus on data, and an in-depth understanding of the user requirements across categories.
 MobiKwik founder and CEO Bipin Preet Singh said the company's focus on delivering high-quality fintech products will require an immense focus on data, and an in-depth understanding of the user requirements across categories.

Mobile wallet company Mobikwik today said it has invested Rs 2 crore in Pune-based data science company, Pivotchain Solutions.

The investment will strengthen Mobikwik's fintech offerings, the company said in a statement.

 

Founded in 2017 by Deepak Rao and Yogendra Pratap Singh, Pivotchain Solutions is a predictive analytics firm with expertise in machine learning and artificial intelligence and has built exclusive AI and deep learning models for Mobikwik.

These models will be instrumental for MobiKwik as it rolls out numerous lending products to address the credit requirements of its user base, the statement said.

It added that within a year of its existence, Pivotchain is working closely with banking, insurance, retail and government sectors globally.

MobiKwik founder and CEO Bipin Preet Singh said the company's focus on delivering high-quality fintech products will require an immense focus on data, and an in-depth understanding of the user requirements across categories.

"Pivotchain is doing incredible work in alternate data scoring, predictive modelling and risk management and this investment will give us an edge over the competition. We will continue to invest in companies that can add value to our business," he said.

Click on Deccan Chronicle Technology and Science for the latest news and reviews. Follow us on Facebook, Twitter.

Click on Deccan Chronicle Technology and Science for the latest news and reviews. Follow us on Facebook, Twitter

...




ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT