Digital lender mPokket plans to more than double its loan disbursal to over Rs 25,000 crore within three years, targeting India’s untapped small-ticket credit market and expanding its reach among new-to-credit customers.
mPokket is aiming to more than double down on India’s underserved borrowing market, with the digital lender setting a target of more than Rs 25,000 crore in annual loan disbursals and a loan book above Rs 20,000 crore within the next three years. Founder and chief executive Gaurav Jalan said the company is banking on demand for small-ticket credit among borrowers who have traditionally been left outside the formal system.
Jalan also said the fintech expects lifetime disbursals to pass $5.5 billion, or more than Rs 52,000 crore, during the current financial year. He said the company wants to expand credit access while maintaining strict controls on risk, a balance that has become central to digital lenders operating in India’s fast-growing consumer finance market.
The lender said it has already brought more than 6.5 million new-to-credit customers into the formal financial system, helped by average annual growth of 20% in such customer acquisition over the past three years. It has mainly focused on young salaried workers, self-employed borrowers and college students in tier-2 and tier-3 towns, where access to short-term credit is often limited.
The company has also widened its product range by raising the borrowing limit for small business owners to as much as Rs 2 lakh. That move has broadened its customer base and underlined its push to build a larger franchise in the new-to-credit segment, which lenders see as a major growth opportunity as digital underwriting and mobile-first lending continue to deepen access to loans.
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