UGRO Capital receives patent for its proprietary credit scoring model

UGRO Capital on Wednesday said it has received a patent from the government’s patent office for its proprietary credit scoring model “GRO Score”. The MSME-lending focussed non-banking finance company (NBFC) received patent for “Method and System for Modelling Credit Scorecards”, as per a company statement. Now in its third iteration, GRO Score 3.

0 leverages alternate data, such as repayment histories, banking transactions and GST records, to provide a comprehensive assessment of borrowers without formal income documentation, it added. UGRO said to date, its credit scoring model has assessed over 1.7 lakh loan applications, analysing over 5.



6 lakh bureau records, 2.3 lakh bank statements and 80,000 GST reports, unlocking capital for MSMEs. Shachindra Nath, Founder and Managing Director of UGRO Capital, said, GRO Score 3.

0 provides nuanced risk assessments tailored to the unique challenges of MSME borrowers, creating opportunities for growth and resilience within this critical sector. Comments.