Credit monitoring start-up TruBoard raises $2.7 million from marquee investors

TruBoard Partners, a tech-enabled asset monitoring & collections platform, has raised an $2.7 million equity from investors lead by marquee investors.

With the funds raised TruBoard aims to further strengthen its ‘PhyGital’ delivery model – the state-of-the-art tech platform, TruGenie, backed by on-the-ground physical intelligence and collections network, TruCollect. The company aims to increase its footprint across 40 Indian metros, tier 1 and 2 cities and build an employee base of 400+ over the next 2-3 years.

Conceived and Co-founded by Vipul Thakore, formerly Managing Director at Goldman Sachs, Nandkumar Surti, formerly Chief Executive Officer at JP Morgan Mutual Fund, and Srickant Rajagopal, formerly Principal at Piramal Group, TruBoard Partners aims to power the Indian lending ecosystem and eventually drive credit penetration in the country, with its PhyGital solutions. It aims to plug the gaps in monitoring post investment lifecycle and collection networks through its proprietary solutions, TruGenie and TruCollect.

About TruBoard- TruBoard provides bespoke asset and loan monitoring and stress resolution services to global and Indian banks, NBFCs, fintech, Alternative Investment Funds (AIFs), mutual funds, Infrastructure Investment Trusts (Invits), distress funds, pensions funds, and private equity firms with an emphasis on India. It aids its clients in reducing non-performing assets and enhancing credit quality through number of tailored services pertaining to the monitoring, servicing and collection of loans and investments across industries such as real estate, infrastructure, and retail.  TruBoard’s services are driven by its unique ‘PhyGital’ model, which is a combination of the team’s [financial, legal, and technological] skills and a powerful technology platform. TruBoard’s mission is to create and implement solutions that go “Beyond the Obvious.” Currently, the key areas of focus for TruBoard Partner are Credit Monitoring, Real Asset Management, Retail Loan Servicing & Collection, Dispute Resolution and Advisory.

TruBoard has over 100 employees currently and is present and covers 19 locations across the country.

TruGenie is a tech platform that uses data and predictive analytics to help institutional lenders & investors to maximize their yields & manage risks from their portfolios in the post investment lifecycle. TruGenie, bridges this gap using data driven insights for predictions and monitoring the factors and dynamic environments that impact the profitability of assets post investment and developing early warning signal systems for timely action.

TruBoard’s collections platform, TruCollect, offers lenders a pan India collections network; a plug and play model, that allows lenders to focus on lending and risk management while the analytics, servicing and collections is managed by TruBoard and its pan-India network.

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