Ugro Capital Limited — Updates, 11-12-2024: Press Release

UGRO Capital has achieved a significant milestone by obtaining a patent for its innovative credit scoring model, GRO Score. This model addresses the credit access challenges faced by MSMEs in India, which contribute nearly one-third of the country’s GDP but often struggle with traditional lending criteria. GRO Score leverages alternative data, including repayment histories and banking transactions, offering a robust assessment of borrowers without requiring formal income documentation.

Now in its third iteration, GRO Score 3.0 is optimized with advanced statistical algorithms and has analyzed over 1.7 lakh loan applications to date. This achievement signals UGRO Capital's commitment to transforming MSME lending by providing tailored risk assessments, which can foster growth within this vital sector. The patent underscores UGRO's role in creating a sustainable financial ecosystem while empowering MSMEs and contributing to India’s economic upsurge. Investors should note the potential growth opportunities stemming from this innovation as UGRO Capital continues to expand its influence in the lending market.