top of page

EFL's Emerging Enterprise Loans Now Live on Scienaptic's AI-Based CreditDecisioning Platform

Incorporating AI into Strategic Roadmaps Of Credit Unions


Sep 19, 2021

Leading AI-powered credit decisioning disruptor, Scienaptic announced that they have completed deployment of their credit decisioning engine and risk model for the Micro LAP (loan against property) division of Electronica Finance Limited (EFL). This implementation will facilitate stronger credit decisions for small business owners and entrepreneurs seeking financing for business expansion.

Electronica Finance Limited is one of the leading non-banking finance companies (NBFC) offering secured loans for machinery purchase, with 75 offices across the country, more than 10,000 customers and an AUM more than INR 15Bn. The Micro LAP offering provides loans to small business owners or entrepreneurs for business expansion purposes, to buy commercial property or to meet working capital requirements.

Earlier in August 2021, EFL had deployed Scienaptic’s AI powered credit decisioning platform for its core lending business. This deployment in Micro LAP further strengthens the ability for EFL to utilize Scienaptic’s smart decisioning across major business units in the company.
“We are happy to extend our AI-enabled decisioning solution into additional businesses at EFL,” said Joydip Gupta, APAC Head of Scienaptic. “EFL is on a journey to transform its business through smart use of data and technology, and we are excited and humbled to be selected as a strategic partner.”

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. For more information, visit

More News
bottom of page