Bharti Airtel acquires strategic equity stake in fintech start-up Seynse Technologies

Bharti Airtel has acquired a strategic equity stake in financial technology start-up Seynse Technologies for an undisclosed amount. The acquisition was undertaken through Bharti Airtel’s subsidiary Bharti Airtel Services. Seynse has created a digital lending platform, “Loan Singh”, that provides easy loans to creditworthy but underserved borrowers. The platform is powered by a proprietary credit engine and advanced machine learning capacity. According to Airtel, Seynse’s advanced credit scoring algorithms and digital analytics platform will complement its strong in-house data science capabilities.