Moneyboxx Finance Wins Three Gold and One Silver Awards at BW Disrupt Festival of Fintech

Moneyboxx Finance Wins Three Gold and One Silver Awards at BW Disrupt Festival of Fintech​

Moneyboxx Finance Limited, a non-banking financial company focused on empowering small and micro entrepreneurs, has garnered significant industry recognition after securing four awards—three Gold and one Silver—at the 6th Edition of BW Disrupt's Festival of Fintech. These accolades spanned Financial Inclusion Fintech, Use of AI in Fintech, Customer Excellence Solution, and Fintech Innovation of the Year.

The company’s achievements highlight its commitment to financial inclusion across rural and semi-urban India, backed by strategic global partnerships and technology integration.

Key Award Victories​

Moneyboxx Finance achieved Gold status in three crucial categories, demonstrating dominance across operational impact, technological innovation, and customer service excellence.

Financial Inclusion Fintech (Gold):
The Gold award in Financial Inclusion recognized Moneyboxx’s collaboration with several international foundations. These partnerships include the Shell Foundation, Gates Foundation, Water.org, Rabo Foundation, and Social Alpha. By leveraging these alliances, Moneyboxx facilitates essential resources like clean energy, safe water, and sanitation. The company is actively committed to providing credit access to first-time borrowers, noting that 30% of its current customer base consists of individuals who are new to credit.

Use of AI in Fintech (Gold):
Moneyboxx Finance secured a Gold award for its innovative, proprietary AI-powered technology called "FaceID for Cattle." This groundbreaking tool automates the detection of mismatches and conducts rigorous deduplication checks, significantly mitigating fraud risks within agricultural lending operations by uniquely identifying livestock.

Customer Excellence Solution (Gold):
Winning Gold in Customer Excellence, Moneyboxx showcased its "phygital" lending approach. This hybrid model combines the convenience of its proprietary Sikka App with human assistance on the ground. The company improved loan processing turnaround time (TAT) by 70% through its Phygital Credit Management (PCM) system.

Fintech Innovation of the Year (Silver):
The Silver award in Fintech Innovation recognized Moneyboxx’s continuous investment in advanced solutions, including the Phygital Credit Management (PCM) platform and the "Moneyboxx ONE" Loan Origination System (LOS). These innovations, alongside the MB Collect App and FaceID for Cattle, have optimized portfolio monitoring and automated fraud prevention.

Operational Scale and Impact​

The company's commitment to a holistic care-led livelihood model extends beyond traditional financing. Moneyboxx Finance provides support for its borrowers’ long-term success by offering free veterinary services, promoting agroforestry and green fodder cultivation, and training farmers in climate-resilient animal husbandry.

This dedication has fueled rapid organizational growth. Moneyboxx currently operates over 150 branches across 12 states and serves more than 62,000 active borrowers, impacting an estimated 2,00,000 lives in rural and semi-urban regions of India.

Technology and Collections Management​

The Sikka App continues to be a cornerstone of the company’s strategy, offering users features such as real-time EMI tracking, credit score monitoring, and health insurance options, thereby reducing traditional banking barriers for its user base.

Furthermore, Moneyboxx has fortified its collections process by integrating technology with human effort. The firm utilizes over 100 dedicated professionals in conjunction with the MB Collect App, IVR systems, and bots to ensure efficient and customer-centric recovery practices while preserving borrower dignity.

Deepak, Co-Founder and Co-CEO of Moneyboxx Finance, stated that these recognitions validate their mission to transform rural livelihoods through innovation and empathy. He noted that by combining advanced technology with a grassroots approach, the company is breaking barriers for borrowers and fostering true financial inclusion across Bharat.

MONEYBOXX Stock Price Movement​

As of 1:49 PM, shares of Moneyboxx Finance Limited continue their upward trajectory in live trading, currently holding at ₹60.94 after a noticeable gain of 0.21%. The stock has seen activity within an intraday range spanning from a low of ₹59.87 to the day's high of ₹62.5.