Vartis Platforms bets on AI-native lending, eyes ₹1,000 cr revenue by FY28

Mumbai-based Vartis Platforms, the parent of lending players LenDenClub and InstaMoney, is fortifying its position as one of India’s most compliant and AI-driven digital lending ecosystems. The group has rebuilt its technology core to align with the Reserve Bank of India’s (RBI) digital lending guidelines, while simultaneously scaling its AI and data science capabilities across its lending and servicing businesses.

“Over the past year, our primary focus was to modernise and automate fund flow systems in response to RBI’s digital lending guidelines,” said Dipesh Karki, Co-founder and CTO, Vartis Platforms, in an interaction with TechCircle. “We rebuilt our transaction engine to support T+1 settlements through automated reconciliation and integrated multiple escrow layers with real-time fund validation.”

This re-architecture has not only accelerated settlements and improved transparency but also created a modular lending infrastructure that now powers Vartis’ broader ecosystem — including LenDenClub, InstaMoney, besides Vartis One, the group’s technology services arm.

AI at the core of lending intelligence

Artificial intelligence and machine learning form the intelligence fabric across Vartis Platforms. At LenDenClub, AI algorithms drive credit underwriting, fraud detection, and borrower behaviour prediction. InstaMoney, the company’s credit line and short-term loan platform, uses machine learning to optimise disbursal timing and credit utilisation, leading to improved repayment rates and lower delinquencies.

Karki said these intelligence layers are now being extended to Vartis One, which provides data services and APIs to external fintech and NBFC partners. “Our AI models enhance partner onboarding, portfolio monitoring, and API-level decision support. Eventually, every layer of the ecosystem will be AI-embedded — from origination to repayment,” he mentioned.

Building trust through security and compliance

Vartis Platforms follows a zero-trust architecture with 256-bit encryption, role-based access, and real-time data pipeline monitoring. “Every transaction is traceable, auditable, and reconciled in real time,” said Karki. “This is what allows us to maintain transparency and scalability without compromising on security.”

The company’s compliance-by-design approach, Karki added, turns regulation into a growth driver rather than a constraint. “We believe compliance and innovation are complementary. Every new feature or product is designed with regulatory alignment from day one.”

Tapping into India’s digital rails

Vartis Platforms has also woven India’s digital public infrastructure (DPI) into its technology fabric. Integrations with UPI, Account Aggregator, and DigiLocker enable real-time KYC, credit access, and data sharing. Through Vartis One, these integrations are now exposed as APIs for external partners, allowing other fintechs and NBFCs to plug into its digital credit ecosystem.

“India’s digital rails have been transformational,” said Karki. “We’re now using these public platforms not just for access but as building blocks for scalable, compliant financial innovation.”

Scaling with modular architecture

So far, the group has served over 30 million customers and facilitated more than ₹17,000 crore in cumulative disbursals. Its microservices-based, cloud-native architecture enables near-zero downtime and supports millions of transactions daily.

Vartis One, the company’s technology marketplace, is now central to its expansion plans. “It provides APIs, infrastructure, and data services that power our lending ecosystem,” said Karki. “It’s also the platform that will eventually carry our technology globally.”

The road ahead

As the company looks to its next phase, Vartis is embedding intelligence natively into every layer of its platform. The company is exploring AI-native lending models, blockchain-based record verification, and cross-border interoperability frameworks to position itself as a global financial infrastructure provider.

Speaking about the company roadmap, Karki said that Vartis further aims to reach ₹1,000 crore in consolidated revenue by FY28, backed by sustained investment in AI, modular infrastructure, and talent. It also plans to expand its workforce by 500–700 professionals over the next two years to strengthen its technology and product capabilities.

“Our goal,” said Karki, “is to build the digital credit rails of tomorrow — trusted, compliant, and powered by Indian innovation.”