Location

Mumbai, Maharashtra

Year Founded

2016

Sector

Fintech

Seafund Entry

May 2019

SUBSector

Forensics & Fraud

Coinvestors

ICICI Bank, NAB Venture, BIG Capital

Company Overview

AdvaRisk partners with financial Institutions to discover, onboard, conduct legal due diligence and monitor real estate collaterals across their credit portfolios. AdvaRisk is transforming the way credit is extended, monitored & recovered through an automated decision support system powered by proprietary algorithms & 1000+ data sources.

PROBLEM STATEMENT

Financial institutions struggle with collateral risk assessment, fraud detection, and loan recovery due to manual and inefficient processes as well as the opaque nature of the real estate industry. Limited due diligence on property titles, encumbrances, and ownership history exposes lenders to additional credit risk and rising NPAs. The lack of real-time monitoring and predictive early warning systems further exacerbates the risks.

investment rationalE

The collateral risk management and fraud detection market remains largely untapped, with India alone facing $100B+ in stressed assets. AdvaRisk has been quick to hit the market with its solutions seeking interest from leading institutions in the country. Its proprietary real-time risk intelligence, forensic analytics and India’s largest title database reduce fraud and NPAs. These inhouse algorithms and databank provide it with an unassailable MOAT. The team is led by industry veterans in financial risk and data analysis who understand the market dynamics and key challenges. With a scalable SaaS model, it is well-positioned to capitalize on the rising demand for data-driven lending risk solutions, benefiting banks and NBFCs globally.

FOUNDER BACKGROUND

Vishal Sharma

CEO

Vishal has over 15 years of experience working in financial sector across consultancy, equity research, fraud investigations and business development roles in large firms. He is a Chartered Accountant as well as a Company Secretary.

Rahul Metkar

CTO

20+ years of experience around the financial sector with a focus on market coverage, equity research around Construction & Infrastructure, Logistics, Cements and Agri-Product companies. He holds a Bachelors in Computer Engineering and Masters in Finance.