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Modern age cards through modern age AI: Uni Cards to deploy Scienaptic’s AI-powered credit decisioning platform

Fintech start-up expects to approve more credit profiles and streamline decisioning processes

January 04, 2022 08:55 AM Eastern Standard Time


Scienaptic AI, a leading global AI-powered credit decision platform provider, announced the deployment of its technology for Uni Cards. This implementation will enable Uni Cards to expand credit access in India by providing instant decisions to applicants and an efficient process that redefines the way credit is consumed in India.

Uni Cards is bringing innovative and differentiated credit products for various customer segments, keeping their rich experience at the fulcrum. Through Scienaptic’s AI-powered credit decisioning platform, Uni Cards can process traditional and alternate data streams of customers and provide instant decisioning. Scienaptic’s platform provides flexible configurations to handle diverse and changing decisioning flow requirements as Uni Cards’ business scales up and offers a multitude of test-and-learn simulation options to run rapid experiments. This will allow Uni to launch and adapt products faster, catering to the changing needs of new customer segments.

Nitin Gupta, Founder and CEO of Uni Cards commented that “India has 130 million ‘credit active’ users and only 38 million of these have a credit card today, signalling a severely underpenetrated credit industry in the country. We see a huge whitespace for innovation and an opportunity to design credit products for a varied set of customers. Our PayLater Card - Uni Pay 1/3rd Card, has one of the lowest NPAs in the industry. We are delighted to have a partner like Scienaptic as we expand further and make access to credit democratic."

"We are excited to help Uni Cards offer a refined application process to their users,” said Pankaj Kulshreshtha, CEO of Scienaptic. “It aligns with our mission of credit expansion, and we are proud to support them from day one. Our credit decisioning platform allows Uni Cards to experiment, test-and-learn faster, and over time, build the best decisioning strategies for their customer segments, balancing growth and profitability.”

About Uni Cards

Founded by fintech and financial services veterans, Nitin Gupta, Prateek Jindal, and Laxmikant Vyas, Uni Cards is a new-age fintech company that aims to bring a range of differentiated credit products to Indian consumers. Uni Pay 1/3rd Card, which was piloted in June 2021 automatically splits transactions into 1/3rd for no extra costs. With this, Uni aims to intuitively solve the problem of short-term liquidity. It also offers consumers the flexibility to convert transactions to ‘Pay in Full’ at the end of the 30 days free credit period and in return can enjoy a 1% reward in the form of cashback. Uni is currently present in 81 cities across India including Delhi, Mumbai, Hyderabad, Bengaluru, Pune, Chennai, Kolkata, Ahmedabad, Lucknow, and Jaipur. Uni Cards has raised USD 88.5 Mn so far from marquee investors like General Catalyst, Eight roads, Elevation Capital, Light Speed and Accel India.

About Scienaptic

Scienaptic is on a mission to increase credit availability by transforming technology used in credit decisioning. Over 150 years of credit experience is embedded in Scienaptic's AI native credit decision platform. Our clients across banks, credit unions, fintech, and other lenders use the platform to constantly improve the quality of underwriting decisions. This enables them to say ‘yes’ to borrowers more often and faster.

The platform is used by lenders with assets exceeding $100 billion, enabling them to process over $22 billion in credit decisions, benefitting over two million credit union members and millions of borrowers across banks, auto and online lenders.

For more information, visit


Augusta Bauknight

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