We started our journey in 2016 with a mission to reach out to the most under privileged strata of our society who faced tremendous hardships in getting necessary credit from Banks due to unavailability of credit score. The migrants from UP/Bihar and West Bengal living as petty daily wagers, were provided fast credit on easy terms to buy e-rickshaw and own their own business. Besides adding value to their overall standard of living, this initiative helped in improving the socio-economic status of the drivers as their children desirous of studying further got necessary financial back up from the otherwise depriving parents
It has been a satisfactory journey as more and more drivers were on boarded and the AUM increased every year commensurate with the national economy in the eco system. Our presence across 9 states through a dedicated team of young and motivated professional provides credence to our willingness to reach out to the unbanked section of the society.
Presence of our own team in the field gets us closer to the customers and we feel the pulse sitting right in Delhi. We have proudly touched a milestone of more than 450 cr of AUM as on 31/03/2022 bringing a positive change in the lives of more than 100000 individuals. A qualitative change has been witnessed across the length and breadth of the society as we find most of the families sending their kids to schools/colleges and in other professional streams of education as their annual income has increased manifold over the years
Sensing the need of tech savvy customers, we have been adding various products to our portfolio regularly. Whereas a recently acquired Bombay stock exchange listed company, Mufin Green Finance Limited has provided us a PAN India presence and an opportunity for the investors to become a part of our success story, the P2P NBFC- Rupee Circle facilitates 100% paper-less experience of lending borrowing arrangement between the customers who aspire to earn more in the given circumstances when the interest rates in the Banks have nosedived to 4% level.
Another novel product launched after an exhaustive research work i.e. Bimapay is taking care of convenient payment of Insurance premium on easy terms by reaching out to the customers who default in paying the premium regularly due the socio-economic conditions. This product has made the task simple for the customers as the digital journey of a few minutes helps the customers pay their Health/Motor Insurance premium quickly and timely without risking the chances of lapse of Insurance policy.
We have been privileged to be considered for issuance of a rare PPI License by the RBI recently that will help us issuance of prepaid card and replenishment of other wallets besides adding value to the company and aspirations to our team
Our association with M/S Fourth Dimension Solutions Ltd as a FLDC of Bank of Baroda has added more thrust in understanding the temperament and working culture at the ground level. Recently we have started Financial Inclusion and become the Corporate BC. We have our own portal services www.mufinbanklink.com and Corporate BC of NSDL Payment bank, Axis Bank and J&k Bank. We have start working in multiple states ie. UP, Bihar, HR, Punjab, J&k , Rajasthan , MP Jharkhand, Maharashtra & Gujarat state.
