MobiKwik Invests Rs 2 Cr in Data Science Startup Pivotchain Solutions

In a bid to further strengthen its fintech portfolio, digital payments firm MobiKwik today announced a strategic investment of Rs. 2 crores in Pune based data science company, Pivotchain Solutions. Founded in February 2017 by Deepak Rao and Yogendra Pratap Singh, Pivotchain is a Predictive Analytics company with expertise in Machine Learning & Artificial Intelligence. It has built exclusive AI and deep learning models for Mobikwik. These models will be instrumental for MobiKwik as it rolls out lending products to address the credit requirements of its user base. Speaking on the strategic investment, Bipin Preet Singh, Founder and CEO, MobiKwik, said, "MobiKwik is transforming from a leading digital payments player, to India's largest digital financial services platform. Delivering high quality fintech products will require immense focus on data, and an in-depth understanding of the user requirements, across categories. Pivotchain is doing incredible work in alternate data scoring, predictive modeling & risk management and this investment will give us an edge over competition. We will continue to invest in companies that can add value to our business."