MUFG Innovation Partners invested in Lentra AI Private Limited.
May 2, 2023. MUFG Innovation Partners Co., Ltd. (MUIP), a corporate venture capital fund and a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), has recently invested in Lentra AI Private Limited (Lentra).
Founded in 2018, Lentra is a leading cloud lending platform empowering banks and NBFCs to lend faster. Lentra has a robust presence across India with 60 partner banks and NBFCs and will replicate its India growth in the Southeast Asian countries. As one of the fastest growing enterprise SaaS companies, Lentra is transforming retail finance digitally at a scale and is democratizing credit through instant credit decisioning and instantaneous processing.
MUIP co-invested with MUFG in Lentra to support the company’s growth journey in India and outside. Through the investment, MUIP will support Lentra to further explore synergies with MUFG Group including its partner banks in Southeast Asia.
【About MUFG and MUIP】
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,400 locations in more than 50 countries. The Group has about 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.
MUFG Innovation Partners, Inc. (MUIP) is a 53 billion yen corporate venture capital firm established by MUFG to invest in fintech-related startups worldwide.
For more information, visit https://www.ip.mufg.jp/.
Lentra provides a cloud-native digital autonomous lending platform that helps accelerate embedded banking with speed at scale. Lentra is transforming the lending space with a SaaS model that simplifies digital inclusion, making loan approvals faster and more seamless than ever before. Powered by AI & ML, Lentra’s API-driven modular architecture helps banks create tailored lending products and customer experiences with an astounding 96% STP rate, all resulting in increased access to the new customer base, reduced NPAs, and improved operational efficiencies.
For more information, visit https://lentra.ai/