01
2026
GigCredit: Powering Credit for India's Invisible Workforce
How about creating a credit engine for an invisible workforce, one without traditional salary slips or credit histories? One can say, well, why bother when traditional banks already exist. But to that a proprietary GigScore™ AI engine was designed to unlock credit access for India's 12M+ gig workers, moving beyond conventional underwriting with alternative data sources. This fundamentally changes how creditworthiness is assessed, enabling rapid, flexible financial inclusion for a massive, underserved segment. This was done as an assignment for the GIFT-IFI Fintech Essentials Course 2026.
How about creating a credit engine for an invisible workforce, one without traditional salary slips or credit histories? One can say, well, why bother when traditional banks already exist. But to that a proprietary GigScore™ AI engine was designed to unlock credit access for India's 12M+ gig workers, moving beyond conventional underwriting with alternative data sources. This fundamentally changes how creditworthiness is assessed, enabling rapid, flexible financial inclusion for a massive, underserved segment. This was done as an assignment for the GIFT-IFI Fintech Essentials Course 2026.
Challenge
India's 12M+ gig workers, with 60% being new-to-credit and lacking formal income proof, faced a ₹66,000 Cr credit gap, forcing reliance on predatory informal loans and leaving a massive market segment underserved by traditional lenders.
Action
Solution: GigScore™ AI Engine, an alternative data-driven underwriting system, to provide instant disbursal and flexible EMI options through app-first onboarding, by integrating UPI flows, platform ratings, GPS patterns, and enriched bureau data, all within an RBI-compliant Account Aggregator Framework.
Result
4-hour loan disbursal at 18-24% APR, thus opening formal credit access for millions and creating a ₹1.8L Cr Total Addressable Market.