ZestMoney gathers approximately 3,500 unique data points (approximately 2,500 data points for New to Credit) to facilitate risk decisioning. This includes a variety of alternative data, the source of which includes merchant data, acquisition channel, geolocation of the IP, clickstream data, etc.
All data sources used by ZestMoney are from publicly available information about the customer or used after obtaining customer consent for the information. By leveraging this technology, ZestMoney can provide loans of amount starting from 1,000, going up to five lakhs as per the need of the customer in any location.
ZestMoney has a fully-fledged in-house collection set up. The team uses its data science capabilities and has an in-built collections scorecard that facilitates efficient collections.
"Having a diversified sourcing strategy also ensures building a diverse customer base spread across different segments and risk profiles thus facilitating the lending partner as well to build a diversified consumer lending book", said Lizzie Chapman, CEO, ZestMoney.
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