Vivriti Capital, India’s first online platform for institutional B2B lending, has disbursed loans worth INR 1,000 crore since January 2019.
Notching up yet another milestone in its on-balance sheet lending trajectory, Vivriti Capital, India’s first online platform for institutional B2B lending, has disbursed loans worth a whopping INR 1,000 crore since January 2019. Moving ahead, the platform aims to achieve a cumulative disbursement worth INR 2,500 crore by March 31, 2020.
• Enriched its lending portfolio by servicing non-financial sectors as well
In line with its mission of developing a granular and well-diversified portfolio, the platform facilitated loans to entities in non-financial sectors as well with exposures in branded retail, healthcare, Food & Beverage etc. It has also tied up with NBFCs to co-lend through its online co-origination platform.
Speaking on its remarkable performance, Irfan Mohammed, CBO, Vivriti Capital commented “Our on-balance sheet exposures stem from our philosophy of alignment with our clients and investors on the platform. We take a lifecycle view of our clients wherein the endeavour is to help them move up the rating spectrum, scale-up and diversify their debt profile. Taking exposures in entities not only gives us good visibility on the underlying credit but also builds investors’ confidence. We expect to reach cumulative disbursements of INR 2,500 crore by 31 March 2020.”
Vivriti’s clientele is spread across a diverse range of rating spectrum such as AUM, geography, underlying asset class, etc. VC exposures follow a tiered approach wherein the team first develops an in-depth understanding of new sectors to be entered. This is done not just in terms of market sizing and constitution but the underlying risk on which a comprehensive underwriting and scoring mechanism is built. The client sign-up, screening and onboarding are carried out through Vivriti’s cutting-edge online platform.
Vivriti combines on-ground credit appraisal with tech-led predictive analytical models. Robust risk management system and monitoring mechanisms have been developed by the team in line with the scale-up plans. The lending strategy also ties in with Vivriti’s objective of taking a life-cycle approach to managing a client’s debt needs as opposed to a transactional approach. The lending relationship, especially with emerging institutional clients, gives the team great visibility on the underlying credit and risk. Vivriti’s balance sheet exposure and credit understanding give additional comfort to investors on the platform which in turn leads to high risk appetite and better pricing for the issuers.
Founded in June 2017, Vivriti has over 150 Issuers and 100 Investors on board, and caters to multiple debt products such as securitization, NCDs, CPs, CDs, Preference Shares and Term Loans. The platform has three distinct operating verticals: the direct lending arm (NBFC), the online debt platform, and an AIF. The online debt platform connects issuers and arrangers through a credit and transaction module and has facilitated over INR 18,000 Cr of transactions till date.