Overview
UpTik, described as India's fastest‑growing structured alternative investment platform, announced that it has reached ₹12 crore in monthly lending, underscoring its expanding role in the country's alternative credit ecosystem.
Growth Metrics
Over the preceding 14 months the platform has deployed more than ₹60 crore of capital, recorded an average month‑on‑month growth rate of 65 %, and achieved a 35‑fold increase in lending volume compared with the prior year.
Business Model
The core offering is invoice discounting, whereby micro, small and medium enterprises (MSMEs) and vendors can obtain working‑capital advances against verified invoices issued by large corporate buyers. Funds are typically disbursed within two to three days, and the underlying invoices carry tenures of 30 to 90 days. Transactions are secured through escrow‑backed mechanisms and legally enforceable contracts.
Technology and Risk Management
UpTik employs an AI‑powered credit approval engine that evaluates invoice authenticity, buyer risk, and MSME creditworthiness, complemented by a blockchain‑based discounting layer that enhances auditability, transparency, and repayment tracking. The platform holds ISO 9001:2015 certification for quality management and ISO 31001:2018 for risk management, reflecting its emphasis on process excellence, governance, and investor protection.
Leadership Commentary
Founder Vinod Varma stated that reaching the ₹12 crore monthly lending threshold validates strong demand for rapid, technology‑driven credit and reinforces the company’s objective of building a responsible alternative‑credit platform where robust underwriting, transparency and technology converge.
Advisory Board
The strategic advisory board includes senior professionals with experience at ICICI Bank, Westpac, Standard Chartered, Citibank and law firm K&L Gates, providing additional expertise in banking, finance and legal matters.
Outlook
UpTik intends to continue scaling its lending operations to narrow India’s sizeable MSME credit gap and to broaden access to structured, real‑economy‑backed alternative investment opportunities for investors and institutional partners.