UpTik has achieved a significant milestone by reaching ₹12 crore in monthly lending, reflecting its rapid expansion in India’s private credit sector through innovative, technology-driven invoice discounting solutions for MSMEs.
UpTik has reached ₹12 crore in monthly lending, a milestone that underlines the speed at which the structured alternative investment platform has expanded in India’s private credit market. The company said it has deployed ₹60 crore over the past 14 months and grown monthly volumes by 35 times over the past year, supported by average month-on-month growth of 65%.
The platform is built around invoice discounting, a form of short-term business finance that lets companies unlock cash tied up in unpaid bills. In practice, this can be especially useful for MSMEs and vendors that are waiting on large corporate buyers to settle invoices. Industry guides on invoice discounting note that it is often used to ease working-capital pressure and can provide access to funds far faster than waiting for normal payment cycles.
UpTik says vendors can typically receive money within two to three days, with invoice tenures usually running from 30 to 90 days. The company says its model relies on escrow-backed arrangements and legally enforceable contracts, with funding directed towards invoices linked to highly rated corporate buyers. It also says its system uses an AI-powered credit approval engine to assess invoice authenticity, buyer risk and the credit profile of the MSME, alongside blockchain-based invoice discounting intended to improve audit trails, transparency and repayment tracking.
Founder Vinod Varma said the ₹12 crore monthly lending figure was evidence of demand for faster, technology-driven credit. “Our objective is not simply to grow volumes, but to build a responsible alternative credit platform where strong underwriting, transparency and technology work together,” he said. UpTik also pointed to a strategic advisory board that includes professionals with experience at ICICI Bank, Westpac, Standard Chartered, Citibank and K&L Gates, as it seeks to expand in a market where MSME credit gaps remain large and financing against verified receivables continues to draw interest from both borrowers and investors.
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