Fintech SaaS firm Lentra acquires the AI-startup TheDataTeam

• ByStartupStory     |    June 29, 2022

Lentra, a fintech SaaS business, has acquired TheDataTeam (TDT), an AI startup located in Chennai, for an undisclosed sum. Rangarajan Vasudevan, the founder of TDT, will join Lentra as a co-founder and chief data officer as part of the agreement.

Lentra will use TDT’s Cadenz customer intelligence platform to help banks and other financial institutions make data-driven judgments on the creditworthiness of their clients. Additionally, as part of its go-to-market plan, Lentra will be able to introduce goods thanks to the purchase.

The founder and CEO of TDT, Rangarajan Vasudevan, stated, “Lentra was already the lending cloud with the quickest rate of growth. It made complete sense to combine our skills in product and business-building given that both firms had goals to develop quickly in similar industries and regions.”

TDT, which Vasudevan founded in 2014, provides enterprise-level AI solutions to several businesses, including Microsoft, Google, Cloudera, AWS, Hortonworks, MapR, etc. Through the transformation of raw client data, our customer intelligence platform, Cadenz, provides organisations with meaningful insights.

Sandeep Mathur, chief revenue officer at Lentra stated, “We will be able to give our clients an even greater competitive edge across the full credit life cycle by integrating Cadenz platform into the Lentra lending cloud. Lentra has taken the necessary steps to position itself as the preferred platform for financial institutions all around the world by purchasing Cadenz.

Lentra is a SaaS platform that provides a wide range of lending solutions to financial institutions. It was founded in 2019 by D Venkatesh and Ankur Handa. It states that it serves more than 50 financial institutions and that the technology it uses has handled over 13 billion transactions.

Follow Startup Story