Moneyboxx Finance Limited, a listed non-deposit taking Base-Layer NBFC, announced winning 4 awards (3 Gold and 1 Silver) at BW Disrupt's Festival of Fintech, 6th Edition. The awards were received across four categories: Financial Inclusion Fintech (Gold), Use of AI in Fintech (Gold), Customer Excellence Solution (Gold), and Fintech Innovation of the Year (Silver).
The company was recognized for its strategic partnerships with global foundations including Shell Foundation, Gates Foundation, Water.org, Rabo Foundation, and Social Alpha, which help drive financial inclusion. Approximately 30% of Moneyboxx's customer base consists of first-time borrowers.
Key technological innovations highlighted include:
- AI-powered "FaceID for Cattle" technology for livestock identification and fraud prevention
- Phygital Credit Management (PCM) platform with in-house Loan Origination System "Moneyboxx ONE"
- MB Collect App for collections
- Sikka App for customers offering real-time EMI tracking, credit score monitoring, digital gold investment, health insurance, and multilingual support
The company reported reducing loan processing turnaround time by 70% through its PCM system. Moneyboxx operates through over 150 branches across 12 states (Rajasthan, Madhya Pradesh, Haryana, Punjab, Uttar Pradesh, Chhattisgarh, Bihar, Gujarat, Telangana, Andhra Pradesh, Karnataka, and Tamil Nadu), serving over 62,000 active borrowers and impacting approximately 200,000 lives in rural and semi-urban India.
The company provides business loans ranging from ₹1 lakh to ₹25 lakh to small and micro enterprises in essential segments including livestock, kirana, retail traders, and micro and small manufacturers. Beyond financing, Moneyboxx offers free veterinary services, promotes agroforestry and green fodder cultivation, and provides training in climate-resilient animal husbandry.
Mr. Deepak, Co-Founder and Co-CEO, commented that the awards validate the company's mission to transform rural livelihoods through innovation and empathy, blending technology with human, on-the-ground approach.
The press release was signed by Lalit Sharma, Company Secretary, and will be hosted on the company's website at www.moneyboxxfinance.com.