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Electronica Finance Ltd Goes Live with Scienaptic’s AI-Powered Credit Decisioning Platform

Incorporating AI into Strategic Roadmaps Of Credit Unions


Aug 24, 2021

Leading AI-powered credit decisioning disruptor, Scienaptic announced that Electronica Finance Ltd (EFL) has completed implementation and is now live on its platform. The implementation will enable the company to make stronger credit decisioning through transformative technology powered by AI.

Electronica Finance Ltd, incorporated in 1990, is a part of the SRP Electronica Group and a pioneer in the field of Machine Finance. It has also recently ventured into financing “bottom of the pyramid” micro enterprises as well as rooftop solar financing. EFL has more than 75 offices across the country, has served more than 10,000 customers and has an AUM in excess of 15B INR. By implementing the Scienaptic platform, EFL is positioned to offer enhanced, automated credit decisions to help increase credit availability for MSMEs across industries.

“Scienaptic’s platform will help us continue to stay true to our philosophy of customer centricity, innovation and transparency,” said Shilpa Pophale, Managing Director, EFL. “This platform has simplified and automated our underwriting process, allowing us to expand our customer base, serve them efficiently, while managing our risk better.”

"We are very pleased to help Electronica Finance Ltd support the financing needs of its customers,” said Joydip Gupta, APAC Head of Scienaptic. “Our customized AI-powered credit decisioning platform will enable speed to market, greater automation and better decisions, while minimizing risks. We look forward to seeing EFL continue creating success stories for businesses.”

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

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