EduMany is building the world’s first managed marketplace for SME credit. The Company provides decision-optimising solutions to help SME lenders grow efficiently and supports SMEs to prepare for and access affordable credit from formal financial institutions.
EduMany delivers tech-driven intelligent lending solutions specifically tailored to the needs of SME lenders and helps enable revenue growth, effective risk management and cost reductions through increased efficiency.
This is offered to lenders via two main services:
1. How we help you grow your loan book: An end-to-end digital origination service, and
2. How we save you cost and time: Quality client sourcing to eliminate borrowers that are not a good match for your institution.
EduMany offers both a fully end-to-end origination service and Credit Assessment as a service to deliver better, quicker and more affordable lending and borrowing. We help SME lenders reduce the time taken for an SME lending decision from 4-6-weeks to just days, and at a fraction of the normal cost. In short, EduMany makes the SME lender’s life easier through the entire process – from lead generation to disbursal.
EduMany firstly markets to and attracts SME borrowers, and performs a series of pre-qualification checks on each SME:
Through this process, EduMany ensures that you receive high quality SME leads that have been pre-qualified in the loan application process. Using our services, you are likely to accept 99% of cases for credit committee review.
EduMany guides borrower SMEs through the loan application process to ensure they have the correct documentation, further reducing the time and cost on your side to take the borrower through to disbursal.
EduMany presents the financial data pertaining to a company. We do not cover other elements of credit risk, like Promoter’s risk, Product / Market / Industry risk, Reputation Risk, Competition Risk, Substitution Risk, Regulator Risk, or Concentration Risks.
Like lenders, we do not assume that the annual accounts stating financial performance are the only inputs required to make a sound decision on which company to lend to.
We believe that a borrower’s integrity and willingness to pay are equally important elements of the ultimate decision to lend and that lenders are best equipped to make a determination about these. We therefore do not do due diligence on companies or promoters nor do we provide an assessment of the managements’ integrity or willingness to pay as part of the analytics delivered on the platform.
EduMany does not guarantee the accuracy of the financial accounts that are filed by companies with the Ministry of Corporate Affairs.
EduMany’s solutions are designed to enable intelligent lending. We assist in the industry connect by filtering through very large client base to provide an efficient first filter on:
1. Whether a potential client is eligible to apply for a particular loan (size, tenure, interest rate) a lender wants to give.
2. Quickly identify new borrowers/sectoral opportunities which match a lender’s credit parameters.
As such our experience is to facilitate faster, more informed decision making to drive profitable SME lending growth by increasing efficiencies, reducing transaction costs involved in origination and help improve the quality of loans.
Decisions as to whether to make a loan and the amount and terms of the loan are solely at the discretion of the lender. EduMany does not make recommendations on those matters.
Our deep industry knowledge assists the decision making process. Our ability to talk the language of the lender and the loan seeker adds ease to the process
In addition, through our digital marketing, DSA and offline channels we secure leads lenders would not otherwise have access to and this is proprietary.
1. Imagine a world where everyone you wish to connect with in a sector is available on a single dashboard and where EduMany assists you conduct your business with ease.
2. Increase approval rates to 99%.
3. Time to approve a loan reduces from 4-6 weeks to days.
4. Reduce mistakes and remove subjective determinations from the assessment process.
5. Quickly generate a set of pre-qualified leads – automatic pre-approved candidates exactly aligned to your risk profile.
6. Increase access to individual borrowers or new sectors which fit specific and distinct credit parameters, without the need to add more staff or branches.
EduMany gathers a wide variety data from its client base who are potentially seeking finance. We do add in data from a myriad of publicly available sources including Registrars of Companies, Stock Exchanges and other relevant data sources in each country where we are active.
EduMany also is building a set of proprietary SME data basis the thousands of Indian SMEs that contact us each month.
This data feeds into the universe of data we hold on SMEs to further enrich the data and provide more accurate results. Note, this data is anonymised so that the source is not traceable, and our client’s data is kept confidential.
All client data is stored and treated in accordance with data privacy regulations and best practice in India and the company has policies and procedures in place to ensure the safety and security of data, products and systems.
EduMany’s Privacy Policy is located here: https://www.edumany.com/pages/privacy-policy