OneFin

Overview of OneFin

OneFin, formerly known as Cready and Credy, is a Bengaluru-based fintech company established in November 2016. The company specializes in the credit and lending sub-industry and serves leading NBFC, SFB, and fintech companies in India. The team consists of 40 members, and it is backed by marquee investors from Silicon Valley, including Y Combinator and Khosla Ventures. OneFin is known for enabling the disbursement and migration of over $600 million in loans over the last few years and has facilitated more than 1 million loans across various credit products.

History and Milestones

OneFin started its journey in November 2016 under the name Cready, later rebranded as Credy before adopting its current name. The company participated in Y Combinator's W17 batch, gaining significant exposure and support from key investors like Khosla Ventures. Over the years, OneFin has grown to a team of 40 and expanded its services to include various credit products such as education loans, EV financing, business loans, credit line, two-wheeler financing, personal loans, and invoice discounting. They are reportedly described as the Shopify for Financial Services, highlighting their comprehensive and flexible approach to the fintech sector.

Fintech Services by OneFin

OneFin operates in the fintech industry with a focus on credit and lending services. The company has a robust track record of facilitating loan disbursements and migrations, exceeding $600 million in recent years. OneFin offers a diverse range of credit products, including education loans, EV financing, business loans, credit lines, two-wheeler financing, personal loans, and invoice discounting. They serve leading NBFC, SFB, and fintech companies in India, providing innovative and customer-centric financial solutions.

Global and Regional Presence

OneFin has a significant presence in India and the South Asian region. The company extends its reach with remote and partly remote service offerings, accommodating a broader clientele beyond its primary location in Bengaluru, Karnataka. By leveraging technology and remote capabilities, OneFin aims to bring its financial solutions to a larger audience, effectively contributing to the digital finance ecosystem's growth across its operational regions.

Backed by Leading Investors

OneFin's growth and development are strongly supported by leading investors from Silicon Valley. High-profile backers include Y Combinator and Khosla Ventures, which have provided both funding and strategic insights to the company. This backing has enabled OneFin to scale its operations, enhance its technology platform, and deliver innovative financial services to its clientele in the credit and lending space.