Artoo

Artoo is an Enterprise Software as a Service (SaaS) company that specializes in MSME lending. According to the vendor, their software platform enables lenders to effectively serve a borrower base with limited digital footprints by equipping the field agent with technology at the borrower's doorstep. Artoo is designed for small to medium-sized enterprises (MSMEs) and is utilized by various professions and industries including Microfinance Institutions (MFIs), Small Finance Banks, Financial Inclusion Organizations, Lending Institutions, and Non-Banking Financial Companies (NBFCs).

Key Features

Loan Application Management: According to the vendor, Artoo provides a loan application management feature that allows lenders to efficiently manage the entire loan application process. This includes capturing borrower information, verifying documents, and conducting credit assessments.

Field Agent Tools: Artoo equips field agents with tools to effectively serve borrowers with limited digital footprints. According to the vendor, these tools enable field agents to collect borrower information, capture documents, and conduct on-site assessments.

Credit Scoring and Risk Assessment: Artoo offers credit scoring and risk assessment capabilities to help lenders make informed lending decisions. According to the vendor, the platform leverages data analytics and machine learning algorithms to evaluate borrower creditworthiness.

Loan Disbursement and Repayment Management: Artoo facilitates loan disbursement and repayment management, aiming to ensure a seamless and efficient process for both lenders and borrowers.

Real-Time Application Tracking: According to the vendor, lenders can track the progress of loan applications in real-time, ensuring transparency and visibility throughout the process.

Offline Capabilities: The platform provides offline capabilities, allowing field agents to work in areas with limited or no internet connectivity. According to the vendor, data is synchronized once the agent is back online.

Mobile Access and Productivity: Field agents can access borrower information and loan application status on their mobile devices, aiming to enhance their productivity and enable them to make informed decisions.

Automated Notifications and Reminders: According to the vendor, the loan application management feature includes automated notifications and reminders to borrowers, improving communication and reducing delays.

Customizable Credit Scoring Models: Lenders can define their own credit scoring models and risk assessment parameters, tailoring them to their specific lending criteria, according to the vendor.

Multiple Repayment Methods: The platform supports various repayment methods, including electronic fund transfers, mobile wallets, and cash collections. According to the vendor, lenders can easily track and manage loan repayments through the system.