AMU Leasing & Provenir To Jointly Accelerate Loan Decisions

AMU Leasing tech-driven NBFC startup serving the Electric Vehicle ecosystem, announces it has partnered with Provenir, an AI-powered risk decisioning software, to automate its loan underwriting fully. With this partnership, the Delhi-based company will be able to make faster decisions and offers to end-users, putting it ahead of its competition.

AMU Leasing’s goal is to support India’s emerging initiatives for self-employment and micro-entrepreneurship for citizens across tier two and three cities. By supporting the alternate fuel-based transportation sector, they plan to propel and sustain revenue generation for self-employed livelihoods. Provenir’s industry-leading AI-Powered Data and Decisioning Platform  delivers smarter risk decisioning. The solution, managed through a single UI, empowers organizations to innovate further and faster than ever before, driving the continuous optimization they need to power growth and agility, without increasing risk.

“We are focused on helping develop an efficient ecosystem where leasing, financing and purchasing electric vehicles is one seamless process. We needed an automated decisioning solution that would enable us to make faster decisions and extend offers to end users. “Provenir’s low code interface empowers our business users to easily design, build and test decisioning models themselves. The Provenir Marketplace also provides access and easy integration to new data sources, providing us with greater insights to make more accurate decisions,” said Nehal Gupta, Director of AMU Leasing.

The government of India is targeting EV sales to account for 30 percent of private cars, 70 percent of commercial vehicles, 40 percent of buses and 80 percent of two and three-wheelers by 2030 to help reduce carbon emissions. The combination of AMU Leasing and Provenir is ideal for new as well as existing customers seeking EV financing solutions with seamless processing and a world-class user experience.