Quid marks two years of redefining credit access with AI, surpasses 10 Million users
Mumbai, June 25
Quid, one of India's leading AI-powered credit intelligence platforms, has completed two years of operations, marking an important milestone in its journey to make credit more accessible, transparent, and easier to navigate for consumers across the country.
According to the company, in a relatively short span, Quid has grown into one of India's fastest-scaling AI-powered credit platforms, with over 10 million registered users and partnerships with 50+ financial institutions and NBFCs. Over the past year alone, the platform has facilitated more than ₹500 crore in loan disbursals, an indicator of both growing consumer trust and increasing demand for simpler, more efficient credit solutions.
Quid has witnessed strong adoption across India, with growing traction among salaried professionals, first-time borrowers, and emerging credit segments. The platform is also expanding access to credit intelligence in Tier 2 and Tier 3 markets, reinforcing its belief that informed financial decisions should not be limited by geography.
Commenting on the milestone, Jitesh Shah, Founder of Quid, said, "We started Quid with a simple belief that accessing credit shouldn't feel complicated or overwhelming. Over the last two years, we've used technology, AI, and bureau-led insights to simplify how people discover and manage credit. Crossing 10 million users is a strong validation of the trust people have placed in us. From here, our focus is clear: helping users find better credit options, manage their debt more effectively, improve their credit health, and ultimately make more confident financial decisions."
Technology remains at the core of Quid's platform from intelligent lender matching and eligibility prediction to automated risk assessment and personalised credit recommendations, all powered by deep bureau integrations.
Building on its core marketplace, Quid recently introduced Quid Prime, a solution focused on balance transfers and debt optimisation, aimed at helping users reduce borrowing costs. Designed around the philosophy of "Save Your EMI", Quid Prime enables consumers to reduce their EMI burden by securing better rates while offering seamless balance transfers and top-ups for greater financial flexibility. Quid is also working on new offerings designed to help consumers strengthen their credit profiles and improve financial readiness, marking a clear shift from being just a discovery platform to becoming a broader credit intelligence ecosystem.
According to the company, looking ahead, Quid plans to deepen its presence across the entire credit lifecycle from discovery to optimisation to credit improvement. The long-term vision is to become a trusted intelligence layer that enables smarter credit decisions for millions of Indians.
As it marks this milestone, Quid acknowledges the continued support of its customers, lending partners, and team members who have been integral to its journey so far.
Quid is India's leading AI-powered loan marketplace and aggregator that connects every Indian with RBI-approved banks and NBFCs for quick and reliable access to personal and business loans. Quid makes financial products, such as unsecured personal loans, business loans, and credit cards, easily accessible while empowering non-financial apps with technology to drive digital growth.
According to company information, as a new-age game-changer, Quid addresses the challenges of being credit-deprived and promotes inclusive growth through user-centric innovation, fostering economic prosperity for individuals, banks, and NBFCs alike.
— ANI
Reader Comments
Good to see innovation in credit space, but I hope they are truly transparent about interest rates and hidden charges. Many platforms promise "simple" loans but end up confusing users. Quid Prime sounds promising for balance transfers—let's hope it genuinely reduces EMI burden for middle-class families like mine. 🤞
As a first-time borrower from a Tier 2 city, Quid made the process seamless. No need to visit banks multiple times or haggle with agents. The AI-based recommendations actually matched my profile. ₹500 crore in loans is impressive, but I hope they expand to more NBFCs for better rates. Credit access is still a challenge in small towns. 🙏
Honestly, I'm skeptical about AI-driven credit platforms. We've seen many fintech startups grow fast but falter on data privacy. Quid should clearly explain how they use bureau data and ensure user information is secure. The "Save Your EMI" concept is nice, but trust is built slowly—especially with financial products. Still, congrats on the milestone. 👍
This is exactly what India needs—credit access for salaried professionals like me who often get rejected by traditional banks for small loans. Quid's automated risk assessment is a game-changer. I used their platform last year for a personal loan and got disbursed within 48 hours. Hope they maintain this efficiency as they scale! 🚀
Interesting development in India's fintech landscape. The emphasis on Tier 2/3 markets is crucial—financial inclusion should be a priority. But with 50+ partnerships
We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.