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Augmont

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Fintech platform offering consumer asset-backed loans through gold services.

About

Augmont operates in the fintech sector in India, focusing on a gold ecosystem that includes consumer asset-backed loans. The platform enables individuals to use personal assets, specifically gold and silver, to secure financing. Augmont's offerings encompass selling old gold, purchasing gold through EMI, investing in gold SIPs, and obtaining gold loans, as well as options for buying, selling, and storing silver. The company employs AI and ML technologies to assess asset values and borrower creditworthiness, which aids in expediting loan approvals. Its target audience consists of retail customers and jewelers, who utilize a digital application process and benefit from hallmarked gold and secure storage options. Augmont aims to provide a reliable gold ecosystem, facilitating access to larger loan amounts with competitive rates in comparison to unsecured loans.

Key facts

Founded
1994
Headquarters
Mumbai, India

Business model

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Competitors & similar companies

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Augmont: quick answers

What does Augmont do?
Augmont operates in the fintech sector in India, focusing on a gold ecosystem that includes consumer asset-backed loans.
Where is Augmont headquartered?
Augmont is headquartered in Mumbai, India.
When was Augmont founded?
Augmont was founded in 1994.
Which sector is Augmont in?
Augmont operates in Digital Lending, part of Financial Technology.
Who are Augmont's competitors?
Companies similar to Augmont include Rupeek, MoneyMe, and Loanboox.