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Biometrics and psychometrics used in loan management for EVs
Jan. 5, 2024, 7:17 p.m. | Bianca Gonzalez
Biometric Update www.biometricupdate.com
RevFin, an Indian fintech company that uses biometrics and psychometrics in loan underwriting and management for electric vehicles, has received $14 million in funding led by Omidyar Network to continue expanding. The company says it is “building India’s largest lending company.”
RevFin uses an alternative underwriting technique that mixes psychometric and biometric “tests” to predict the likelihood that someone will pay back a loan.
The company uses a low touch digital model and uses an app to verify a …
biometrics biometrics news building continue electric electric vehicles evs financial inclusion financial services fintech funding india led lending loan management network the company underwriting vehicles
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