VMPL
Mumbai (Maharashtra) (India), November 26: BillMart Fintech Pvt. Ltd., India’s new digital lending platform, received ‘The Dominant LendTech of the Year’ award at the 2nd LendTechX 2024 Conference, held at Radisson Blu, Mumbai. The award highlights BillMart’s achievements in promoting digital lending solutions tailored to the needs of MSMEs. The selection process involved a committee of experts evaluating applicants based on their innovative use of technology and overall business impact, with BillMart standing out for its contributions to the lending industry. The company has shelled out over Rs 1,250 crore in the last 16 months.
This year’s LendTechX event, titled “Beyond Borders: The Evolution of Digital Lending,” brought together industry leaders, policymakers and stakeholders to discuss the latest trends in fintech. As part of the conference, BillMart Managing Director and CEO Mr. Ashok Mittal participated in a panel discussion titled “Leveraging AI and ML for Next-Generation Lending Solutions”. During the panel discussion, Mr. Mittal highlighted the advanced AI tools offered by BillMart that are transforming financial solutions. These include AI-driven deep financing, autonomous lending decision engines, and AI-driven early warning systems to streamline processes and mitigate risks. He also discussed Blockchain-AI integration for smart contracts and AI-based credit scoring for micro-segmentation, also enabling secure transactions and personalized credit analysis for underserved sectors.
Commenting on this development, Mr. Ashok Mittal, Managing Director & CEO, BillMart Fintech said, “By receiving the ‘Dominant LendTech of the Year’ award, it highlights the company’s commitment to empowering MSMEs with Innovative, technology-driven lending solutions. growth and innovation in digital finance, making access to capital more transparent, efficient and impactful for businesses across India.
He added: “BillMart’s AI-powered scoring model evaluates supply chain data, such as invoice patterns and payment histories, to assess the creditworthiness of small manufacturers with credit histories boundaries. By identifying low-risk profiles, this approach enables trade financing for SMEs. without traditional financial records, BillMart continues to drive digital inclusion, supporting underserved businesses and strengthening India’s economic backbone.
The conference highlighted significant developments in the Indian financial landscape, driven by digital transformation and favorable regulatory policies. BillMart stands out as a leading digital lending platform, led by a seasoned management team with over 100 years of combined experience. Through a fully digital, secure and streamlined process, the company provides businesses across India with quick and easy access to essential trade finance and liquidity solutions. With advanced AI-powered analytics, businesses benefit from accurate, data-driven lending decisions tailored to their needs.
About BillMart Fintech:
BillMart is a leading digital lending platform connecting businesses and financiers to meet the liquidity needs of businesses and MSMEs. Offering a range of financial products including supplier financing, purchase invoice financing and supply chain financing, BillMart enables streamlined digital financing at competitive costs. Leveraging AI and cloud-based technology, BillMart provides scalable, secure and compliant solutions, backed by ISO 27001 and SOC2 certifications. With advanced analytics and AI-driven insights, BillMart enables accurate decision-making on trade finance and working capital needs. The platform’s upcoming innovations include India’s first co-branded AI-based scoring solution for MSMEs. For more company details, please visit: https://www.billmart.com/
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