UpTik Crosses ₹12 Crore in Monthly Lending, Signals New Phase of Growth in Alternative Credit
Hyderabad-based platform doubles down on technology-led invoice discounting as India’s MSME credit gap tops $530 billion
Hyderabad: UpTik, a structured alternative investment platform focused on real-economy credit, has reached ₹12 crore in monthly lending — a milestone that underscores both the platform’s accelerating scale and the widening appetite among investors and MSMEs for technology-driven, invoice-backed financing*
The achievement adds to a steadily building track record. Since operations began, UpTik has deployed more than ₹60 crore in total capital over 14 months, recording 65% average month-on-month growth and a 35x expansion in disbursement volumes over the past year.
Bridging a Critical Credit Gap
UpTik’s flagship offering is invoice discounting — a mechanism that allows MSMEs and vendors to convert verified receivables into working capital within two to three days, without waiting the customary 30 to 90 days for large corporate buyers to settle invoices. The model is structured around high-rated corporate buyers, with escrow-backed settlement and legally enforceable contracts underpinning every transaction.
The timing is significant. India’s MSME credit gap is estimated at over $530 billion, with only around 14% of the country’s 63 million MSMEs currently accessing formal credit. Private credit in India is growing at a 30% CAGR and sits at roughly $25 billion — still just 0.6% of GDP — leaving substantial room for platforms like UpTik to scale.
Technology at the Core
UpTik’s infrastructure is built around an AI-powered credit approval engine that evaluates invoice authenticity, buyer risk profiles, and MSME creditworthiness in real time, alongside a blockchain layer designed to strengthen auditability, repayment transparency, and end-to-end traceability across the transaction lifecycle.
Founder’s Perspective
Commenting on the milestone, Vinod Varma, Founder of UpTik, said: “Reaching ₹12 crore in monthly lending is not just a growth number — it is a validation of the demand for faster, technology-led access to credit. Our goal has never been simply to grow volumes, but to build a responsible alternative credit platform where rigorous underwriting, transparency and technology operate in concert. This milestone strengthens our conviction as we scale across MSMEs, investors and institutional partners.”
Governance and Strategic Backing
UpTik’s advisory board draws on senior experience across global banking and law, with professionals associated with ICICI Bank, Standard Chartered, Citibank, Westpac, and K&L Gates. The company holds both ISO 9001:2015 (Quality Management) and ISO 31001:2018 (Risk Management) certifications, reflecting its stated commitment to process rigour, investor protection, and compliance standards*
In a further step toward regulated operations, UpTik has acquired a partial stake in Bhadhani Finance Company Limited, a registered NBFC, with the remaining stake transfer subject to regulatory approvals. The NBFC is expected to anchor the company’s regulated credit strategy, with a focus on invoice factoring and discounting rather than consumer or unsecured lending.
The Road Ahead
As UpTik scales its lending operations, its focus remains on closing India’s structural MSME credit deficit while broadening investor access to structured, asset-backed alternative investments — a market where demand, by most estimates, has only just begun to be addressed.
