LendFoundry awarded as no.1 FinTech startup at Fintegrate

LendFoundry announced today that it has bagged the first prize and was declared the winner of Fintegrate Zone 2018, India's biggest FinTech Conclave focusing on the future of technology, financial services within India and beyond. - The winner was decided after Top 50 were identified from more than 250 applicants. This event was held from 27th February to 1st March 2018 at the iconic building of Bombay Stock Exchange, Mumbai.

This award is in continuation with industry's recognition of LendFoundry's potential to be a game changer in this segment. In Nov 2017, another Co-founder of LendFoundry - Anubha was awarded the 'STPI Woman Entrepreneur of the year 2017' by the Government of Karnataka.

Under the umbrella of Fintegrate 2018, and after the extremely stringent screening process, only 50 startups in the financial industry across the country were shortlisted to exhibit their products. Of these 50 startups, the top 10 were identified as the F10 and were selected to present and showcase the product at the 'The Demo Night- Galaxy of FinTech Stars' on 28th Feb. The jury consisted of the following eminent panel of senior executives from the world of Technology, Financial Services and Investments: Alan Lysne - COO & Managing Partner, Ryerson Futures Sudhir Pai - Global CTO (BFSI) Capgemini Sanjay Mehta - Angel Investor.

Sandeep Jhingan - Head of Business Development - Medici Sanjay Swamy - Partner (Prime Ventures) Sandeep Phophaliya, CEO, LendFoundry presented the winning pitch in front of the leading VC's, corporates, and financial bigwigs.

The award was presented by Mr. Vinay Narkar of Ernst & Young to the LendFoundry team represented by Sandeep Phophaliya, Sharad Bhatt, and Shubha Galgali.

While presenting this prestigious award Mr. Narkar said, "I was really not surprised by this." As most of their clients and NBFCs want "the best Fintegrator in the market." Sandeep Phophaliya, Co-founder, and CEO of LendFoundry exuded confidence that LendFoundry will continue to demonstrate leadership in changing the alternative lending landscape. LendFoundry would continue to be a platform of choice for all types of lenders i.e. Start-up alternative lenders, banks, NBFC's, and consumer brands. Sandeep also added that LendFoundry will continue to add new asset classes like invoice discounting for SMEs and point-of-sale lending for consumer loans etc. And also enhance the machine learning capabilities of the platform. LendFoundry is also in the process of raising funds to further push its market leadership position.