Credit Democratisation Alliance or CredAll is a collective of ecosystem players who share a common purpose - to democratise access to affordable credit for small businesses and individuals.
At CredAll, we are responsible for driving the awareness and adoption of standardized Application Programming Interfaces (APIs) that facilitate digital lending. The APIs are called the Open Credit Enablement Network or OCEN. There are many lending processes that have not been uniformly automated. OCEN's APIs standardize these so that ecosystem players like loan service providers (LSPs) and lenders can work together to create all-digital lending flows over the life cycle of the loan without needing custom integrations.
Large swathes of individuals and small businesses have been deprived of formal credit. Solving this is essential for us to make progress and unlock India's full potential
Come help drive access to formal credit
India has a unique opportunity to create a new and alternative credit infrastructure that can provide easy access to credit for millions of businesses and individuals.