New Delhi [India], Dec 24 (ANI): With over 5,000 start-ups in the country, and more and more innovative businesses coming to the forefront every day, one thing is certain, that technology startups will be the pathway to the future.
Given below is a list of five innovative start-ups which will disrupt the industry in 2018:
It supports crypto-currency transactions round the clock, allowing instant free deposits using payment gateway and instant free withdrawals, not hindered by approval delays or holidays or banking hours.
A digital payment platform, ePayLater follows a 'Buy now, Pay later' approach. It is a new-age digital solution majorly focussing on frequent online purchasers with a credit term of 14 days.
ePayLater combines the best of convenience and ease in payment methods to make credit available at both online and offline point-of-sale. The startup uses a unique Artificial Intelligence (AI) and machine learning algorithm that continuously learns from the online presence, social behaviour and buying patterns across different shopping merchants of its customers. Based on the selected data, the start-up creates credit worth of the customer.
ePayLater is also creating a new credit database for its customers, who do not have a decent CIBIL score and fail to get a credit card or loans.
3. Happy Loans
One of the most innovative loan facilitators, Happy Loans offers its customers a truly 'happy' banking and loan processing experience using AI. The company processes not only real time data to check the credit worth of a merchant, but also indirect variables such as location, nature of business, lean and peak season.
The entire model is based on a merchant's daily repayment trend. AI helps to analyse a merchant's periodic repayment and rewards/punishes his credit worth accordingly.
A user can borrow more if he maintains a healthy repayment history. AI further helps improve customer life cycle by personalising the experience for every individual.
Their algorithm machines help students connect with apt tutors with ease.
Moreover, by conversing with them, the online platform can also gather information about the potential customers in a progressive way. This results in a much higher conversion rate than traditional forms and also ensures improved customer service. (ANI)