Snapmint wins the 'Best Mobile App Initiative of the Year' Award at 2nd Annual NBFC & Fintech Excellence Awards, 2023

MUMBAI, India, March 21, 2023 /PRNewswire/ -- Snapmint won the award for the 'Best Mobile App initiative of the Year' at the 2nd Annual NBFC & Fintech Excellence Awards, 2023.

At a glittering event on March 3rd at Hotel Holiday Inn, Mumbai, Snapmint was bestowed the award for its innovative work in the Digital lending industry. The awards recognise entities that are creating and managing financial technology-based platforms in India which helps in engaging their digital transformation, risk analytics & Technology for future. The awards event was attended by over 200 delegates and had more than 30 speakers expressing their views on the disruptions and challenges in the industry. 

The Annual NBFC & Fintech Excellence Awards, now in its second year, appreciate innovations in technology and honour talented individuals and promising entities from the Fintech and NBFC space. Also, it hosted a panel discussion to share thoughts and opinions on the future roadmap of the industry.

Elated at the recognition, Nalin Agrawal, founder and CEO of Snapmint, said, "The award is a just appreciation of our efforts to provide customers with technology-led ecosystems that leverage digital technology to provide easy credit to customers for improving their lifestyles. The award vindicates our belief that we can add value to businesses and consumers simultaneously by enabling easy flow of credit over online shopping platforms. We crossed 1 crore (10 million) app downloads in December 2022. The Snapmint app offered no coupons/cashbacks to attract 1 Cr customers. Thanks to all the customers and merchants who have supported us on this journey. Especially AU Bank, who trusted us and took us into smaller towns across India and helped us understand the needs in those markets." 

About Snapmint

Founded by IIT Bombay batchmates, Nalin Agrawal, Anil Gelra, Abhineet Sawa and Rahul Agarwal in 2017, Snapmint, an EMI payment platform offers options by democratizing access to credit. Snapmint makes shopping on installments possible without credit cards - to help customers afford more. Shoppers buy Mobiles, Electronics, and many other items using a simple 5-minute online process. Most products on Snapmint are available at No-cost EMIs for 3-month plans and shoppers can choose their products and EMI plans. Snapmint's entire process is online and takes no more than 10 seconds to process. Because no physical documents are required to get EMI plans for purchase, it is a paperless and hassle-free experience. Snapmint partners with India's brands (merchant partners) with a seamless proposition that empowers merchant partners to increase both sales in terms of numbers, and their total customer base.