FinBox

FinBox, operated by Moshpit Technologies, is a digital lending infrastructure company founded in 2017 and based in Bengaluru, India. It describes itself as an operating system for digital lending, and sells to banks, NBFCs and to consumer and commerce platforms that want to embed credit products without building origination, risk and decisioning systems in house.

The stack is modular. BankConnect derives income and risk signals from bank statements and India’s Account Aggregator framework; DeviceConnect adds alternative data from the borrower’s device; Sentinel is a real-time rules and decisioning engine; Superflows handles multi-channel origination with KYC and KYB; a loan origination system, digital onboarding and connectivity to ULI and ONDC complete the set. Customers named by the company include IIFL Finance, Muthoot FinCorp ONE, Ring and IIFL Open Neobank, and it reports more than 130 partners and over 2,000 integrations. At IIFL, FinBox reports a 30 percent cost reduction and a 17 percent increase in MSME loan approvals. A91 Partners led a USD 15 million round in 2022 with Aditya Birla Ventures and Flipkart Ventures.

1. BankConnect: bank statement and Account Aggregator analysis producing income, cash flow and fraud signals for underwriting.

2. DeviceConnect: alternative credit data collected from the borrower's mobile device for thin-file applicants.

3. Sentinel: a real-time rules and decisioning engine for credit policy, limits and fraud checks.

4. Superflows: multi-channel loan origination journeys with embedded KYC and KYB.

5. Open network connectivity: integration with India's Unified Lending Interface and ONDC alongside a loan origination system.

6. Verified outcome: at IIFL Finance the company reports a 30 percent cost reduction and 17 percent higher MSME loan approvals.