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Inditrade Continues To Make Advancements On Scienaptic’s AI-Powered Credit Decisioning Platform

Deployment of Customized Scorecards to Enhance Credit Decisioning

Incorporating AI into Strategic Roadmaps Of Credit Unions



Oct 17, 2022

Leading global AI-powered credit decisioning platform provider Scienaptic AI announced today that Inditrade Capital, one of India’s fastest growing digitally enabled financing, insurance, and rural marketing enterprise has completed implementation and is live on its platform. This deployment will allow faster and better loan decisioning and approvals to increase credit access to the Micro Small and Medium Enterprises (MSME) sector in India.

Inditrade Capital leverages technology to enable progress for the under-served and marginalized. With an aim to create a sustainable social impact at the grass-root level of India's enterprise ecosystem, Inditrade through its MSME Finance vertical – InCash, has lent over 28B INR in cumulative loans to over 400,000 customers. Inditrade offers a Phygital channel to ensure last-mile connectivity. Using Scienaptic’s platform Inditrade has deployed customized scorecards that use credit bureau data, demographic data, financial and banking data, and GST information. Inditrade has also configured its credit decisioning rules and policies on the Scienaptic platform, thereby automating its entire underwriting process.

“Our goal at Inditrade is to facilitate progress for the MSME sector in India that has limited access to financial assistance,” said Abhishek Mehra, Business Head, InCash - MSME Finance. “Scienaptic’s platform helps us make accurate decisions, reduce the turnaround time, drive higher approvals, and minimize risk. The end-to-end automation of our underwriting process increases our efficiency and allows us to provide timely and personalized assistance to small and medium-sized businesses.”

Correspondingly, Joydip Gupta, APAC Head of Scienaptic, said, “Inditrade is an industry leader in MSME financing, and we are excited that they are taking advantage of Scienaptic’s credit underwriting platform. This deployment further strengthens our relationship. Our industry-tested AI-based scorecards are helping Inditrade increase approvals, reduce defaults and enhance customer experience all at once.”

About Scienaptic AI

​Scienaptic AI’s mission is to increase credit availability across the globe by transforming the technology used in credit decisioning. Whether credit union, auto lender, bank, or fintech, Scienaptic's AI native credit decisioning platform enables lenders to constantly improve the quality and speed of their underwriting decisions, helping them reach a greater number of borrowers, including underbanked and underserved individuals, and say “yes” more often, without increasing risk while addressing all Regulatory aspects especially Fair lending and explainable adverse actions.

The company’s AI platform is used by lenders of all sizes, integrating seamlessly with their existing systems. Scienaptic-enabled lenders have processed more than 190 million transactions worth $36 billion in credit decisions, benefitting millions of borrowers, and helping them access the credit they need. For more information, visit

About Inditrade Capital

Inditrade Capital Limited is a digitally-driven enterprise that seeks to leverage technology to serve the under-served and marginalized. With a mission to ‘enable progress’ at the individual, community, and national level, it aims to create a sustainable social impact at the grass-root level of India's ecosystem.

Through a combination of digital reach plus brick and mortar outlets, the group has a fast-growing presence across the country. Industry experts with sound technological experience and a proven track record of launching businesses spearhead the different group businesses. For more information, visit

Media Contacts

Chandan Pal

Chief Marketing Officer

Scienaptic AI

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