Bharti Airtel acquires strategic stake in FinTech startup Seynse

By: | Published: February 22, 2017 5:29 PM

Sunil Mittal's Bharti Airtel on Wednesday acquired a strategic equity stake in Seynse Technologies, a Financial Technology (FinTech) company.

The popular digital lending platform Loan Singh has been created by Seynse. Loan Singh enables easy loans for credit-worthy yet underserved borrowers.

Sunil Mittal’s Bharti Airtel on Wednesday acquired a strategic equity stake in Seynse Technologies, a Financial Technology (FinTech) company. The popular digital lending platform Loan Singh has been created by Seynse. Loan Singh enables easy loans for credit-worthy yet underserved borrowers. The FinTech company has also built a proprietary credit engine and advanced machine learning capacity to serve customers.

“Over the years, Airtel has developed strong in-house data science capabilities that enable us to serve our customers better. Seynse’s advanced credit scoring algorithms based on multiple sources and digital analytics will add immense value to our innovation factory. We look forward to working with the passionate team of professionals at Seynse to bring targeted products and solutions to our 270 million plus customers,” Harmeen Mehta, Global CIO and Director – Engineering, Bharti Airtel said.

Gourav Jaswal, Director, Seynse added “We’re privileged to have Airtel as a partner in our growth journey and look forward to gaining from their deep understanding of the Indian customer. This partnership will give Seynse the opportunity to innovate for a much wider audience and add to its product portfolio.”

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Bharti Airtel Limited is a leading global telecommunications company with operations in 17 countries across Asia and Africa. The company ranks amongst the top 3 mobile service providers globally in terms of subscribers. On the other hand, Seynse, incubated by Prototyze, was incorporated in 2015 in Goa. It launched its digital lending platform, Loan Singh in April 2016.

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