Jun 19, 2018

MobiKwik invests Rs 2 crore in AI firm Pivotchain

Mobikwik has invested Rs 2 crores in Pune-based AI company, Pivotchain Solutions, which has helped build artificial intelligence, predictive and dep-learning models for it in the past.

These models will be instrumental for MobiKwik as it rolls out numerous lending products to address the credit requirements of its user base. The AI company has been working closely with global banking, insurance, retail and government corporations since its inception.

MobiKwik founder and CEO Bipin Preet Singh has said that the company will continue to invest in businesses that can add value to their own brand.