Davinta

Company Brief:
Davinta Financial Services is a technology-focused umbrella NBFC for the underserved. Davinta
focuses on three segments - rural, urban, and micro entrepreneurs

USP:
 Providing loans not for consumption. It partners with NGOs and disburses loans to help
create income-generating opportunities.
 provides loans with an average ticket size ranging from Rs 45,000 to Rs 75,000 with a tenure
of 12 month
 Same day Loan disbursal
 $20 million Founders seed capital to fund the venture

Achievement:
 Started in April 2019, provided loans to 11,000 individuals and built a loan book of Rs 50
crore.

Plans:
 Looking to incentivise repayments through UPI
 Plans to introduce pay-day loans for blue-collar - which will essentially be a cash advance
against earned salaries.
 To scale operations across Maharashtra and UP
 Plans to work with insurance companies to create new insurance products
 Plans to take its loan book size to Rs 350 crore

Current Products:
 Microbanking
 Credit
 Income Generation Loan
 MSME Loan

Founder:
 Raj Vattikuti, Former CTO of Flipkart

URL:
http://www.davintafinserv.com/

Contact:
 Davinta Financial Services Private Limited
591, 2nd Floor, 15th Main, 22nd Cross, HSR Sector 3rd,
Bengaluru, Karnataka 560102 Ph: +91 9972 62 5000
info@davintafinserv.com